Chevron Corp. (NYSE: CVX) said Feb. 4 that Pierre Breber has been named vice president and CFO to replace Patricia Yarrington, who has elected to retire after 38 years with the San Ramon, Calif.-based oil major.

Pierre Breber, who joined Chevron in 1989, has been named vice president and CFO to replace Patricia Yarrington, who elected to retire. (Source: Chevron Corp.)
Pierre Breber, who joined
Chevron in 1989, has been
named vice president and
CFO to replace Patricia
Yarrington, who elected to
retire. (Source: Chevron Corp.)

The appointment of Breber, 54, who joined Chevron in 1989, will take effect April 1. He currently serves as the company’s executive vice president of downstream and chemicals, a position he’s held since 2016. He previously held leadership positions in Chevron’s gas and midstream segment.

“Pierre is uniquely qualified to be our next CFO, having served in senior finance roles and also in operating roles across our downstream, midstream and upstream businesses. Pierre’s deep financial background and broad knowledge of our operations will be valuable in ensuring we remain financially strong and create lasting shareholder value,” Chevron CEO Michael Wirth said in statement on Feb. 4.

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In related moves, Mark Nelson, currently vice president of midstream, strategy and planning, will succeed Breber as executive vice president of downstream and chemicals. Colin Parfitt, currently president of supply and trading, will become vice president of midstream. Both appointments are effective March 1.

Breber, Nelson and Parfitt will report to Wirth in their new roles.