Chevron Leadership Shakeup
Chevron Appoints Jeff Gustavson as Chief Financial Officer and Names Eimear Bonner Oil President
Anonymous
Key Points
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Chevron’s board approved the officer elections on September 30, 2026, ahead of the changes taking effect the following January.
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Gustavson’s new CFO role carries a base salary of $1 million and a target bonus of 110%, effective January 1, 2027.
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As CFO, Gustavson will oversee audit, controller, investor relations, tax, treasury and worldwide business-planning activities.
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Gros’s New Energies portfolio will include hydrogen, power, carbon capture, offsets and biofuels. Bonner, meanwhile, will be responsible for safe and reliable operations across the value chain, capital allocation, asset-class excellence and value-chain optimization.
Chevron announced major executive reshuffles taking effect January 1, 2027, moving current CFO Eimear Bonner to lead its oil, gas and products division while promoting New Energies President Jeff Gustavson to the top finance role Chevron. The moves reflect the energy giant's push to balance traditional fossil fuel operations with lower-carbon businesses as it navigates the energy transition.
Gustavson will earn a $1 million base salary plus a 110% target bonus in his new CFO position MarketScreener. He'll oversee audit, investor relations, tax, treasury and worldwide business planning. Brent Gros, currently president of Offshore, takes over New Energies—which includes hydrogen, carbon capture and biofuels—and will lead the company's artificial intelligence strategy Chevron.
Bonner Moves to Oil Leadership After Three Years as CFO
Bonner, who became CFO in March 2024, now transitions to president of Oil, Products & Gas MarketScreener. In this role, she'll oversee safe operations across Chevron's entire value chain, manage capital allocation and drive asset optimization. Her promotion signals confidence in her financial acumen and operational expertise as the division remains central to company profits.
Gustavson Elevated to Finance Chief From New Energies
Gustavson's promotion from New Energies president to CFO marks a shift in Chevron's leadership pipeline EnergyNow. As CFO, he inherits responsibility for the company's financial strategy and investor communications during a period of energy market uncertainty. His background in lower-carbon business units may help shape how Chevron finances its energy transition efforts.
Gros Takes New Energies Role Amid AI Push
Brent Gros steps into the New Energies presidency overseeing hydrogen, power, carbon capture, offsets and biofuels—areas seen as key to Chevron's future Chevron. He'll also lead the company's artificial intelligence strategy across these emerging business lines. Gros brings offshore operations expertise to a division still proving its profitability.
Nelson Stays as Vice Chairman, Exits Oil Division Role
Mark Nelson remains vice chairman but steps back from his Oil, Products & Gas leadership role to focus exclusively on strategy and business development Chevron. The move reduces his operational duties while keeping him involved in long-term planning. His exit from the oil division makes room for Bonner's leadership across the company's most profitable segment.
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