Chevron Announces Retirement of Vice Chairman J. Dennis Bonney

Strategic Insights -

Vice Chairman J. Dennis Bonney, who has spent 35 years at Chevron Corporation, will retire at the end of the year. Bonney's extensive career has seen him hold various leadership positions, including serving as Vice Chairman since 1987. As a key figure in Chevron's global operations, Bonney has been instrumental in the company's international ventures, including the 1993 signing of a joint venture with Kazakstan to develop the Tengiz Field, the largest Western business venture in the former Soviet Union.

Key Takeaways:

  • J. Dennis Bonney, Vice Chairman and Director of Chevron Corporation, will retire at the end of the year after 35 years of service.
  • Bonney has served as Vice Chairman since 1987 and has been a member of the company's board of directors since 1986.
  • He has been responsible for Chevron's worldwide oil and gas exploration and production, as well as coal mining operations.
  • Bonney will be succeeded by Ray Galvin and Dick Matzke, who will co-chair the company's Upstream Management Council and the Upstream Personnel Development Committee.
  • Bonney has held various leadership positions throughout his career, including serving as executive for Eastern Hemisphere operations, corporate vice president, and vice president for corporate planning.
  • He has received numerous awards and honors for his contributions to international business and community service, including being named a Trustee of the Asian Art Museum Foundation and a member of the National Council of the World Wildlife Fund.

Statistics:

  • 35 years: The amount of time J. Dennis Bonney has spent at Chevron Corporation.
  • 1986: The year Bonney was elected to Chevron's board of directors.
  • 1987: The year Bonney became Vice Chairman of Chevron Corporation.
  • 1993: The year Chevron signed a joint venture with Kazakstan to develop the Tengiz Field.
  • 65: Bonney's age in December.
  • 2: The number of senior executives who will report directly to Chairman Ken Derr, including Ray Galvin and Dick Matzke.
  • 3: The number of companies that will report to Galvin under the new organizational structure, including Chevron Canada Resources and Warren Petroleum Co.

Sources:

  • Chevron Corporation press release, September 28, 1995.
  • The San Francisco Chronicle, October 1, 1995.
  • oil & gas journal, October 1995.
  • PRNewswire, September 28, 1995.