Chevron CEO Mike Wirth said on Tuesday he is in discussions with the board of directors about when he will step down from the U.S. oil producer. “I’ve been doing this for eight years, and as soon as we’ve got the next person ready to go, my job is to get out of the way,” Wirth said during an onstage interview at a Wall Street Journal conference.
The board waived the mandatory retirement age for Wirth in 2023, who said at the time he wanted to make more progress on increasing shareholder returns and lowering emissions. Wirth, who became CEO in 2018, is 65 years old according to Chevron’s website.
“I’m not going to bank on many more years after year 10,” Wirth said on Tuesday.
(Reporting by Sheila Dang in Houston; Editing by William Maclean)