Chevron extended the Mandatory retirement age for CEO Mike Wirth

Chevron Corp, a US oil company, extended the mandatory retirement age for Chairman and Chief Executive Officer from 62 to 65 in order to allow the current chief Mike Wirth to continue for two more years.

Mike Wirth, who will turn 63 this year, has agreed to stay past the company’s mandatory retirement age of 65.

Wirth has been chairman of the board and chief executive officer of Chevron Corporation since 2018. He served as vice chairman of Chevron’s board in 2017, and as executive vice president of Midstream & Development from 2016 to 2018, where he was responsible for the shipping, supply and trading, and pipeline and power operating units, as well as for Chevron’s strategy, business development, and corporate affairs.

Previously, Wirth was executive vice president of Downstream & Chemicals from 2006 to 2015 and president of Global Supply and Trading from 2003 to 2006. He joined Chevron as a design engineer in 1982 after completing a bachelor’s degree in chemical engineering from the University of Colorado.

Mike Wirth is one of the most reputed professionals in the oil and gas industry. He serves on the board of directors of Catalyst. He is also chairman of the board of the American Petroleum Institute and is a member of the National Petroleum Council, the Business Roundtable, the World Economic Forum International Business Council, and the American Society of Corporate Executives.