JG is a vaudeville act. Top hat, coat tails and all that. Please exit stage left.
20 replies (most recent on top)
JG looking more CEO like? No, that’s just an illusion. Look again.
It took awhile, but @bprm has won woke bingo by tossing out the senseless canard for this topic.
You go woke like blundering ARCO did, you go broke. We are headed in an unfortunate direction as well.
ARCO made the same blunder when they picked a CEO who started as an HR rep. Before that he was a marketing rep. The guy quickly ran the place into the ground. Of course, he came out smelling like a rose and the rest go kicked out the door. I only hope they find someone else.
That's what everyone said about PB right up until the last minute when he was suddenly overtaken by MW out of nowhere. It ain't over until the fat lady sings.
This is sad. JG is on the short list and likely next as he is getting all the external air time. The CNE role is a way for MW to accelerate his external facing presence given all the focus on lower carbon. While only a small overall part of Chevron business for the next 5ish years, this space gets outsized attention and thus the way MW can accelerate and amplify his face externally. MW will stay on 4-5 more years until he is confident JG is ready. Will be a bumpy ride to get him there, but MW is not investing in the others on the short list in the same way. NH is there for the next 10 years to manage this transition and is naturally a “hands on” engineer leader so a fit for the OPG role. In 5-10 years CVX will get much bigger into CNE space (likely acquisitions along the way) and growth in this business naturally propels JG up and noting that space will only get that much more attention in 5-10 years (again, part of MW’s plan for how to get JG into seat). EB is not getting this external facing press and attention. That saids it all right there. In closing, again, very sad JG is the next in line as another old school blue blood of CVX fold vs. the new blood leadership required to support this company’s transformation in culture and future. Sigh……..
Never. Gonna. Happen.
Unbelievable this is the best MW can do. The BOD should also be fired for not properly overseeing credible succession planing…..asleep at the wheel.
JG is an absolute tool.
Yes, they are definitely grooming JG for the job. He said all the right things (robotic, but correct) to Yahoo! Finance recently. All you have to do is watch who is getting the most airtime on CNBC or any of the web financial sites. SR wants to see how the candidates handle themselves in front of a camera (and softball-lob questions). If you're one of those people, here's your vocabulary list to memorize: transformation, hydrogen, CCUS, net zero, diversity, low carbon future, alternative energy. String those together in any fashion. We have now seen that biodiesel and gas from cow manure are passe, and suddenly no high-ranking Chevron people are touting the Permian.
EB has shown herself to be a classic underperformer. She had to be coached to handle the 2015 layoffs. TCO bled money during her tenure there. Managing CTC is like managing a pre-school daycare - hardly a pre-CEO assignment. It's only her gender that keeps her in the conversation for CEO.
EB had the look and acts the part but boy, CTC is a sh**t show.
Any CEO would be expected to have a minimum of a ten year run, meaning the individual would be between 50 and 55 years when selected. Anyone older than 50 right now will be out of the running when MW finally retires.
JG is a clone of JW……extremely passive aggressive, manages up, tells you what your answer is with a smile and a “yeah, right, yeah, right…….alienates peers behind the scenes while saying how much he respects them and partners with him in public forums. Look at the Shared Energy Townhall……talk about a spin master……and he was already in form to let EB and NH know he was the man……..if MW can’t see this we are doomed. Maybe MW does now see it and is working to find a way to land this. Our execs don’t fire folks and are overly sensitive to “hard” sidelining folks so he won’t embarrass JG no matter what. Hopefully he is just buying time to “soft” sidelining him but it will still be in an exec job (e.g. backfill to PB as CFO). NH on the other hand is the ultimate micro manager and constantly tries to prove to his OPG leaders that he is the smartest man on the planet. It is sad to see him constantly competing with his OPG leaders to show them how smart he is. EB is the best choice, but requires MW staying on 5-7 more years to give her more P&L senior leadership positions……horrible this is where MW let this land - he was too busy all these years with his own legacy positioning to be Energy Secretary post Chevron, and forgot about succession planning internally………
It will be NH so no worries.
Are you sure you don’t want Scott Myers? Rumor has it thats why we acquired PDC Energy.
EB is next. It’s been decided and that’s why MW is staying on.
People on the layoff site should be the ones with the best input on this. Top of the class!
Sell all your stock if this happens. This guy is the worst. Arrogant and no integrity. No interest in results, Focussed to unhealthy levels on self. Political to extreme and has a total everyone is expendable mentality. Believes financial engineering is more important than producing or refining and selling. Chevron must do better