Chevron announces $1.08 quarterly dividend, names Michael K. Wirth Vice Chairman

Date:

The Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and eight cents ($1.08) per share, payable March 10, 2017 , to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2017 .

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In another development,  the oil giant in a statement said that Michael K. Wirth , executive vice president of Midstream and Development, has been named vice chairman, effective February 1, 2017 .

“As a senior officer of Chevron , Mike has made significant contributions to the company’s success,” said John S. Watson , Chevron’s chairman and chief executive officer. “Mike’s experience, proven leadership and record of accomplishment will enable him to make a strong contribution to our Board.”

In assuming his new role, Wirth will join the company’s Board of Directors and add Policy, Government & Public Affairs to his existing portfolio of responsibilities. Currently, Wirth oversees Midstream and Development, accountable for supply and trading, gas commercialization and the company’s midstream operating units engaged in transportation and power as well as corporate strategy and business development.

Wirth, 56, joined Chevron in 1982 as a design engineer. Since that time, he advanced through a number of engineering, construction and operations positions. Before assuming his current role, Wirth was executive vice president of Downstream & Chemicals. Prior to that he served as president of Global Supply and Trading, where he led the company’s worldwide supply and trading operations as well as its aviation, marine and asphalt businesses. Earlier, Wirth was president of Marketing for Chevron’s Asia / Middle East / Africa marketing business, based in Singapore . He also served on the board of directors for Caltex Australia Ltd. and GS Caltex in South Korea .

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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