Who is the head of Chevron? – Michael Wirth Biography
Michael Wirth is the chairman and CEO of Chevron Corporation since 2017. He succeeded John S. Watson. Previously, he was the vice-chairman of the company.
How old is Michael Wirth? -Age
He is 62 years old as of 2022. He was born in 1960 in Colorado, in the Mountain West subregion of the Western United States.
Michael Wirth Education
He went to Golden High School, where he was a member of the basketball team. Mike Wirth obtained a Bachelor of Science degree in chemical engineering from the University of Colorado after graduating from high school in 1982.
“Wirth routinely returns to school to talk to classes and to serve as chairman of the CU Boulder Engineering Advisory Council,” according to the University of Colorado. In 2010, he was honored with the college’s Distinguished Engineering Alumni Award, and in 2014, he was awarded the University Medal.”
Michael Wirth Wife
He is married to Julie Wirth.
Michael Wirth Daughter
He has three children; two sons Brady Wirth and Tyler Wirth and a daughter Jennifer Wirth. Tyler is the youngest who succumbed to cancer.
Michael Wirth Career
Prior to his present position, Wirth was vice chairman of the board in 2017 and executive vice president of Chevron Corporation’s Midstream & Development from 2016 to 2018. He was in charge of supply and trading, shipping, pipelines, and electricity operations, as well as corporate strategy, business growth, policy, government, and public affairs in that post.
From 2006 through 2015, Wirth served as executive vice president of Downstream & Chemicals. Prior to that, from 2003 to 2006, he was president of Global Supply and Trading. Wirth is a member of Catalyst’s board of directors, the American Petroleum Institute’s board of directors and executive committee, and the World Economic Forum’s International Business Council’s executive committee.
He is also a member of the American Heart Association CEO Roundtable, The Business Council, the National Petroleum Council, the Business Roundtable, the American Society of Corporate Executives, and the American Society of Corporate Executives. Wirth was appointed president of Chevron’s Asia/Middle East/Africa business in 2001, based in Singapore. In South Korea, he served on the boards of directors of Caltex Australia Limited and GS Caltex Corporation.
Wirth is a member of Catalyst’s board of directors, the American Petroleum Institute’s board of directors and executive committee, and the World Economic Forum’s International Business Council’s executive committee. He is also a member of the American Heart Association CEO Roundtable, The Business Council, the National Petroleum Council, the Business Roundtable, the American Society of Corporate Executives, and the American Society of Corporate Executives.
Michael Wirth Salary
Chevron Corp. CVX, -3.16 percent stated in its 2020 proxy statement filed Thursday that Chief Executive M.K. Wirth’s total salary for the year dropped to $29.02 million from $33.07 million the previous year. Wirth’s base salary increased to $1.64 million from $1.57 million, the value of option awards increased to $3.88 million from $3.75 million, and “all other compensation increased to $842,787 from $422,693, while the value of stock awards fell to $11.25 million from $11.66 million, and the change in pension value and nonqualified deferred compensation earnings fell to $11.41 million from $13.38 million as part of the compensation package. In addition, after getting $2.28 million in 2019, Wirth did not receive non-equity incentive plan pay in 2020.
A one-time $499,485 payment for perimeter and physical security measures as part of new house building is included in all other payments. Chevron’s shares dropped 1.3 percent in morning trading, but is still up 21.8 percent for the year. The stock fell 29.9% in 2020, while the SPDR Financial Select Sector ETF XLE, -2.57 percent fell 36.9% and the Dow Jones Industrial Average DJIA, -2.77 percent rose 7.3 percent.
What is the net worth of the CEO of Chevron? – Michael Wirth Net Worth
As of February 25, 2022, Wirth’s net worth is at least $33.6 million USD. Mr. Wirth holds more than 3,000 units of Chevron stock valued $517,590, and he has sold CVX shares worth more than $0.