Top-level changes at Chevron

In his new role, Niemeyer will be responsible for setting the strategic direction for the company, allocating capital and other resources and determining operating unit performance measures and targets. He will report to Mark Nelson, vice president of Midstream, Strategy & Policy.

"Bruce has been instrumental in developing Chevron's business in the mid-continent United States, including Chevron's significant Permian assets," said Michael Wirth, chairman and chief executive officer of Chevron Corporation. "Bruce's strong operating background, coupled with his strategic planning experience, make him exceptionally well-suited to lead our corporate strategy function as we look to further optimise our portfolio and position Chevron to win in any price environment."

Umpleby is Chief Executive Officer and a member of the board of directors of Caterpillar Inc. He joined a Caterpillar subsidiary, Solar Turbines, in 1980, and held leadership positions in a wide variety of functions at Caterpillar. Umpleby was named group president of Caterpillar's Energy & Transportation business segment in 2013 and assumed the role of CEO on 1 January 2017.

"Jim Umpleby brings valuable perspective to the Board as chief executive of one of the world's leading manufacturers of heavy equipment," said Michael Wirth, Chevron's chairman of the board and chief executive officer. "He has a strong background in varied dimensions that are relevant to Chevron's business, including international policy, heavy equipment engineering, environmental policy, and global workforce development."

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