Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Chevron Corporation, a leading U.S. oil and gas firm, disclosed substantial changes in its top management on Sunday, July 23, appointing Elmear Bonner as the new CFO and abandoning the mandatory retirement age for CEO Mike Wirth.
Chevron said it had appointed Elmear Bonner as the new chief financial officer of the company. His appointment comes as the current CFO, Pierre Breber, is set to retire in 2024. His successor, Bonner, is a veteran who has served the company for more than 24 years.
Currently, the 49-year-old Bonner is working as chief technology officer of Chevron Technical Center. According to Reuters, the leading oil company also revealed it has set aside the mandatory retirement age for its chief executive officer, Mike Wirth, which means he will continue to lead the company even after he turns 65 in two years. He is among the highest-paid executives in the energy industry, with his $23.57 million pay last year.
Pierre Breber, the firm’s vice president and chief financial officer, is retiring after 35 years of solid service next year. Bonner will take over the role of chief financial officer on March 1, 2024. He is expected to report directly to Wirth as Chevron’s new CFO.
“Pierre is a world-class finance executive and has been an outstanding business leader throughout his career at Chevron,” Chevron’s CEO Wirth said in a press release. “Under his leadership, Chevron has delivered on its financial priorities, executed several acquisitions and driven significant value for our shareholders. Pierre has been an exceptional strategic partner to me, and I want to thank him for his many contributions.”
Meanwhile, Chevron also announced other senior leadership changes, including Balaji Krishnamurthy becoming VP of Chevron Technical Center after promotion from his current VP of Strategy & Sustainability role. Frank Mount, the VP of M&A and Origination, was promoted to VP of Business Development.
Photo by: Luis Ramirez/Unsplash
