Economics
Chevron CEO Watson Plans to Step Down, WSJ Reports
- Michael Wirth seen as most likely successor to seven-year CEO
- Chevron spokesman declines comment on leadership change
John Watson
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
John Watson, who has led Chevron Corp. since 2010, is planning to step down as the oil major seeks a new chief executive officer, the Wall Street Journal said, citing people familiar with the matter.
While the San Ramon, California-based producer has not made a final decision on a successor, Michael Wirth, a 56-year-old Chevron lifer whose elevation was telegraphed in January when the company announced his promotion to vice chairman, has been seen as a leading candidate. An announcement will likely be made next month, the Journal said.