Chevron CEO Watson to step down, Wirth likely successor -source
Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth, a source familiar with the matter told Reuters on Tuesday. In Wirth, Chevron would pivot to a leader with experience in refining, where costs are regularly scrutinized down to the fraction of a penny. Chevron’s shares are up about 35 percent since Watson took over as CEO in January 2010, but the Dow Jones industrial average has more than doubled in that time.
Source:: https://finance.yahoo.com/news/chevron-ceo-watson-step-down-184505366.html
