SAN RAMON, Calif. -- Chevron Corp. said that Patricia Woertz, executive vice president of downstream, has elected to retire. Effective March 1, 2006, Woertz will be succeeded by Mike Wirth, currently president of global supply and trading.
Chevron Chairman and CEO Dave O'Reilly said, "As a senior officer of the company, Pat has made significant contributions to Chevron's success. As executive vice president [of] downstream, she led the organization through a successful restructuring following the merger with Texaco and has put the organization and strategy [image-nocss] in place for future success. Pat's keen focus on safety and enthusiasm for the business will be greatly missed."
Woertz, 52, joined Ernst & Young in 1974 as a CPA. In 1977, she joined Gulf Oil Corp. in Pittsburgh and held positions in refining and marketing, strategic planning and finance. In 1981, she transferred to Houston to head the upstream audit group. From 1985 to 1987, during the merger of Gulf and Chevron, Woertz worked on asset divestitures as part of the debt-reduction process. In 1989, she became finance manager with Chevron Information Technology Co. In 1991, she was named Chevron Corp.'s strategic planning manager. She was named president of Chevron Canada Ltd. in October 1993. In January 1996, Woertz was named president of Chevron International Oil Co. and a vice president of logistics and trading for Chevron Products Co., responsible for supply and distribution and worldwide trading. She was elected a corporate officer and became president of Chevron Products Co. in November 1998. She assumed her current position in October 2001.
Wirth, 45, joined Chevron in 1982 as a design engineer. He advanced through a number of engineering operations and planning positions in the U.S. downstream. In 1998, Wirth was named senior retail manager of marketing for western operations and then general manager of retail marketing in 1999. In that capacity, he was responsible for all aspects of the company's U.S. retail activities, including sales, brand management, advertising, pricing, credit card operations, e-business, real estate and construction. In July 2000, he was named president of marketing for Caltex Corp., Singapore, responsible for the company's systemwide retail, wholesale and aviation fuels marketing businesses in Asia and Africa. In October 2001, upon the formation of ChevronTexaco, he was named president of marketing for ChevronTexaco's Asia/Middle East/Africa marketing business unit. He assumed his current position in January 2004.
"Mike's strong background and knowledge of many aspects of our global downstream business make him well-suited to lead this important part of our organization forward," said O'Reilly.
San Ramon, Calif.-based Chevron and its subsidiaries conduct business in 180 countries, producing and transporting crude oil and natural gas and refining, marketing and distributing fuels and other energy products.
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