Chevron names new VP of strategic planning

U.S. oil company Chevron has named a new vice president of strategic planning, effective immediately.

Chevron said on Thursday that Bruce Niemeyer became the company’s new corporate vice president of strategic planning.

Neimeyer is currently the vice president of Chevron’s Mid-Continent business unit.

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 A. Nelson, vice president of midstream, strategy and policy.

Michael K. Wirth, chairman and CEO of Chevron, said: “Bruce has been instrumental in developing Chevron’s business in the mid-continent United States, including Chevron’s significant Permian assets.

“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 optimize our portfolio and position Chevron to win in any price environment.”

Previously, Niemeyer was vice president of the Appalachian/Michigan strategic business unit. He also served as a general manager of strategy and planning for Chevron North America Exploration and Production Co. He joined Texaco in 2000 from Atlantic Richfield Co.

Niemeyer will be succeeded by Jeff Gustavson, currently president of Chevron Canada Limited. In his current role, Gustavson is responsible for Chevron’s upstream interests in Canada, including oil sands, unconventional resources in Alberta and British Columbia, interests offshore Newfoundland and Labrador, the proposed Kitimat LNG project, and assets in the Northwest Territories and Yukon Territory.

Gustavson joined Chevron in 1999 and held positions in finance, mergers and acquisitions, corporate strategic planning, supply and trading, investor relations and upstream, with numerous assignments in the United States, Venezuela, the United Kingdom, and Canada. He will report to Jeff Shellebarger, president of Chevron North America Exploration and Production.

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