Mike to stay until he’s 100.
39 replies (most recent on top)
First I herd of a North Korean leaders at CVX headquarters.
Will MKW one day be laid to rest in a glass tomb in CVX headquarters similar to Lenin and the North Korean leaders?
BK is a token diversity pick…….come on, look at the lack of credentials and no experience running a large business with primarily operated assets. They broke CTC up purely to downgrade the job enough and reduce the span of control enough that they could still give him a promotion and move him into it.
Does MW remind anyone else of the Crypt Keeper?
Response to the post below: This is because the company is full of closet racists like most of the oil industry. Not a meritocracy. Explains why IT LT has only token Asians vs. Tech companies like Google or MSFT.
"I was kind of surprised to see BK leading CTC given that there are hardly any people of Indian origin in LT in CTC even though IT industry is dominated by Asians (Indians)"
EB was openly spoken of as a CEO candidate when she was in Aberdeen at the start of her career. Everyone saw it.
In the end all these prognostications are best guess. Life does happen. Remember that Total CEO whose plane crashed in Russia? Or the BP dude that got caught my Macondo?
PB wasn’t ready when JW was forced out and MW had to step in, that was his shot and he missed it because of bad timing. After the MW announcement we all knew PB was topping out at CFO. EB as next in line is a huge surprise though. Her tenure in CTC has been such a disappointment. I was hoping NH was next in line. I like the way he thinks. Way more pragmatic.
Usually it's not so obvious who the next CEO will be, but then again, our CEOs usually retire at 65.
For those who say PB is leaving for family reasons, who is ill in his family? The cfo role is not that difficult, he has 1000s of people doing the work, he just seems to be a very poor public speaker (and I guess private as well). Not sure how he ascended the ranks besides Watson throwing him rope.
I bet AG is on deck soon for a major role.
JG is lady in waiting. After EB does well as CEO a couple years he will look for CEO job elsewhere. Many Chevron execs have done this and some have been quite successful.
So what is JG career path now that it looks like EB is the next CEO?
Yes EB has been chosen for next CEO. and she is aware of that like everybody else.
Winning at any age!
For continuity, the CEO is expected to have a ten year run - they typically get the job around age 55. PB is already 59, so it may be that his time passed four years ago.
PB is smart enough to know that the BOD chooses the CEO. He was pre-ordained for the job but MW pulled the rug out from under him as he is a weak speaker.
Top level politics and games are insane!
When you come for the king, you best not miss. - Omar
PB made a power play for the top seat. He had some of his friends lined up from the investment community but MKW is way too smart for that and pulled the rug. When a coup fails you have to fall on your sword.
MKW will stick around for another 5 years. Then leave in a layoff where he will be generously offered a package. Fitting way to end it for the king of layoffs.
I was kind of surprised to see BK leading CTC given that there are hardly any people of Indian origin in LT in CTC even though IT industry is dominated by Asians (Indians)
@1uqi he's not being forced out. he's got family battling cancer. stop with the ignorant statements. life happens.
DICTATOR! HA!
Let them eat cake!
PB got the ultimatum that he wasn’t going anywhere, and SR needed him out so they could manufacture EB as a worthy executive.
Umm, you are confusing CFO with CDO.
CFO jobs for E&P are always token jobs they give the seat for statistics. AG prob next, although she is actually smart
Finance is a function with vast international government requirements for compliance, reporting, accounting and taxes. We have never had anyone out of function as a leader. This is a bad joke. It would be like nominating an NFL player to the Supreme Court. No wonder PB quit.
59 year old retiring while 65 year old tenure? what a world…
anybody can be the CFO means its a useless job…
how old is he now?
Nice guys finish last.
PB is a genuinely nice human.
PB is retiring at 59 years old, which is 6 years before forced retirement. There is no chance he is just retiring to "spend more time with his family". He is either being forced out to make room for PB or he is leaving in a huff to take a better (CEO?) job elsewhere. Time will tell.
@1yco+1nKFXRNp - did you forget who our CFO was before PB? Such an ignorant comment. Wait until EB is CEO- will that role also be useless?
DEI CFO, shows how worthless the CFO role has always been.
Thank goodness not JG
EB is duly endorsed as next CEO. She is an engineer who has never worked in the Finance function.
Long live the King!
Hope so. He’s made me a lot of money in my 401K.