RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Chevron Corporation, a leading U.S. oil and gas firm, disclosed substantial changes in its top management on Sunday, July 23, appointing Elmear Bonner as the new CFO and abandoning the mandatory retirement age for CEO Mike Wirth.
Chevron said it had appointed Elmear Bonner as the new chief financial officer of the company. His appointment comes as the current CFO, Pierre Breber, is set to retire in 2024. His successor, Bonner, is a veteran who has served the company for more than 24 years.
Currently, the 49-year-old Bonner is working as chief technology officer of Chevron Technical Center. According to Reuters, the leading oil company also revealed it has set aside the mandatory retirement age for its chief executive officer, Mike Wirth, which means he will continue to lead the company even after he turns 65 in two years. He is among the highest-paid executives in the energy industry, with his $23.57 million pay last year.
Pierre Breber, the firm’s vice president and chief financial officer, is retiring after 35 years of solid service next year. Bonner will take over the role of chief financial officer on March 1, 2024. He is expected to report directly to Wirth as Chevron’s new CFO.
“Pierre is a world-class finance executive and has been an outstanding business leader throughout his career at Chevron,” Chevron’s CEO Wirth said in a press release. “Under his leadership, Chevron has delivered on its financial priorities, executed several acquisitions and driven significant value for our shareholders. Pierre has been an exceptional strategic partner to me, and I want to thank him for his many contributions.”
Meanwhile, Chevron also announced other senior leadership changes, including Balaji Krishnamurthy becoming VP of Chevron Technical Center after promotion from his current VP of Strategy & Sustainability role. Frank Mount, the VP of M&A and Origination, was promoted to VP of Business Development.
Photo by: Luis Ramirez/Unsplash
