Chevron Announces Leadership Changes

Navin Mahajan named Chevron Vice President and Treasurer
Dale Walsh appointed Vice President of Corporate Affairs

Chevron Corporation CVX today named Navin Mahajan vice president and treasurer, effective February 1, 2019. The company also appointed Dale Walsh vice president of Corporate Affairs, effective March 1.

Mahajan, 52, succeeds Randy Richards, who is retiring from Chevron after 40 years of distinguished service. Mahajan, who is currently vice president, Finance Downstream & Chemicals, will oversee banking, financing, cash management, insurance, pension investments, and credits and receivables activities across the corporation. He will report to Patricia Yarrington, Chevron's vice president and chief financial officer.

"Navin's broad experience and financial acumen make him well qualified to guide our financing and cash management strategies at a time of growing production and cash generation," said Michael K. Wirth, Chevron's chairman of the board and chief executive officer.

"Randy's leadership over the last few years has helped us meet corporate objectives of paying down debt and returning cash to shareholders," Wirth added. "We are grateful for his almost four decades of service to Chevron."

In a separate appointment, Dale Walsh, 59, has been named vice president of Corporate Affairs. He succeeds Joe Naylor, who is retiring after 36 years of outstanding performance. Walsh, currently Chevron's president of Americas Products, will be responsible for overseeing government affairs, public affairs, social investment and performance, and the company's worldwide efforts to protect and enhance its reputation. Walsh will report to Wirth.

"Over the course of his career at Chevron, Dale has proven himself as an exceptional leader and is ready to lead our efforts to navigate the ever-changing geopolitical and social landscape," Wirth said. "During Joe's extensive career at Chevron, he has led with integrity and displayed an unwavering commitment to the values we expect of our leadership. Be it overseas, or during his time leading corporate organizations, Joe has been a trusted advisor and valued colleague."

Chevron Corporation is one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005690/en/