Chevron CFO Eimear Bonner built a 20-plus-year career at the company. Now she’ll run its core business
Article excerpt
Good morning. Chevron is moving its CFO from the finance chair to the center of its operating business. Eimear Bonner, Chevron’s CFO, will become president of oil, products and gas on Jan. 1, taking charge of the company’s core business across the value chain. Jeff Gustavson, currently president of new energies, will succeed her as CFO, the company announced on Monday. Bonner’s career at Chevron has followed a unique sequence: engineer, technology chief, CFO, and now operating president. That combination could make her a particularly well-rounded candidate to lead an oil major, although Chevron is not saying whether CEO succession is part of the plan. She joined Chevron in 1998 as an offshore petroleum engineer in the United Kingdom. Over more than two decades, Bonner held engineering, operating, and strategy positions, including general director of Tengizchevroil LLP in Kazakhstan. In 2021, she became Chevron’s first female chief technology officer. Three years later, she made the transition from CTO to CFO. In her new role as president, Chevron said Bonner will be responsible for safe and reliable operations, disciplined capital allocation, asset-class excellence, and value-chain optimization. The assignment is more than an operating role. It puts her in a position to apply the financial and strategic perspective she gained as CFO to some of Chevron’s biggest operational...
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The CFO transition comes at a consequential moment for Chevron ( No. 21 on the Fortune 500).
