Chevron Reshuffles Top Leadership as Senior Executives Announce Retirements
Chevron Corporation on Thursday announced a series of senior leadership changes that will reshape key parts of its executive team over the next year, reflecting both planned retirements and internal succession following the company’s recent strategic shifts.
The changes include the retirement of several long-serving executives and the promotion of internal candidates into roles overseeing corporate strategy, business development, supply and trading, shale operations, and investor relations.
Among the most senior departures, Frank Mount, President of Corporate Business Development, will retire in November 2026 after 33 years with Chevron. Mount has led the company’s global business development efforts since 2023, a period marked by portfolio optimization and large-scale M&A activity, including the acquisition of Hess.
Jake Spiering, currently Director of Investor Relations, will succeed Mount as President of Corporate Business Development effective August 1, 2026. Spiering joined Chevron in 2008 and has held multiple finance leadership roles across the company’s global asset base.
Investor relations leadership will also change earlier in the year. Jeanine Wai will assume the role of Director of Investor Relations on April 1, 2026. Wai rejoined Chevron in January after prior stints at TotalEnergies, major investment banks, and Bechtel, bringing a mix of operational and capital markets experience.
Chevron’s Supply & Trading organization will see a transition as Patricia Leigh retires in July 2026 after 35 years with the company. Leigh has led the unit since 2024, overseeing supply, logistics, and trading strategy during a volatile period for global energy markets.
Molly Laegeler, currently Chief Strategy Officer, will take over as President of Supply & Trading effective March 1, 2026. Laegeler has previously overseen operations in several assets, including the Permian Basin, and will now be tasked with driving profitability and enterprise value across Chevron’s trading and logistics activities.
Kevin Lyon, who currently serves as Hess Integration Leader, will step into the role of Chief Strategy Officer on the same date. Lyon brings decades of upstream and project leadership experience and will be responsible for guiding Chevron’s long-term strategy, portfolio optimization, and sustainability agenda as the company integrates Hess assets.
Another notable retirement includes Bruce Niemeyer, President of Shale & Tight, who will retire in October 2026 after 26 years with Chevron. Niemeyer has held senior upstream and strategy roles and currently oversees Chevron’s global shale portfolio. He will remain on as Senior Executive Advisor through October.
Gerbert Schoonman, currently Senior Executive Advisor for Hess Integration, will succeed Niemeyer as President of Shale & Tight effective April 1, 2026. Schoonman joined Chevron in mid-2025 following the Hess merger and brings more than 35 years of international upstream experience from Hess and Shell.
The leadership changes come as Chevron continues to integrate Hess, prioritize capital discipline, and balance growth in its core oil and gas business with longer-term energy transition initiatives. The reshuffle underscores Chevron’s reliance on internal succession while drawing on executives with experience in large-scale integrations, trading, and unconventional resource development.
By Charles Kennedy for Oilprice.com
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