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CVX > SEC Filings for CVX > Form 8-K on 30-Sep-2009All Recent SEC Filings

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Form 8-K for CHEVRON CORP


30-Sep-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b), (c) and (d) As described in the press release that is attached hereto as Exhibit 99.1 and incorporated herein by reference, on September 30, 2009, Chevron Corporation's Chairman of the Board and Chief Executive Officer, Mr. David J. O'Reilly, elected to retire from the Corporation and will resign as a Director, Chairman of the Board and Chief Executive Officer, effective December 31, 2009. Also on September 30, 2009 to be effective December 31, 2009, the Board elected Mr. John S. Watson to the positions of Chairman of the Board and Chief Executive Officer of the Corporation and elected Mr. George L. Kirkland as a Director and to the position of Vice-Chairman of the Board. As disclosed in the Chevron Corporation 2009 Proxy Statement, the stepmother of Mr. Watson and Mr. Watson's late father's estate (of which Mr. Watson, his stepmother and several of his immediate family members are beneficiaries) are receiving payments from a law firm in connection with the firm's buyout in January 2008 of Mr. Watson's father's partnership and real property interests. In late 2008, subsequent to Mr. Watson's father's withdrawal from this law firm and death, Chevron retained the firm and expects to pay it approximately $140,000 in fees in 2009.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibit

99.1 Press Release dated September 30, 2009.


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