Chevron names Michael K. Wirth as its next chairman and CEO

BRENTWOOD, CALIF - MAY 2, 2015 - The recent surge in regional fuel prices has left L.A. County drive
Chevron is getting a new chief executive, effective Feb. 1.
(Jerome Adamstein / Los Angeles Times)

Chevron Corp. is naming Michael K. Wirth chairman and chief executive to replace John S. Watson, who is retiring after spending 37 years with the energy company.

Wirth, 56, is currently vice chairman and executive vice president of midstream and development. He joined Chevron in 1982 as a design engineer, the San Ramon, Calif., company said Thursday.

Watson, 60, has been chairman and CEO for eight years. He joined Chevron in 1980 as a financial analyst.

The changes will take effect Feb. 1.