Chevron Names New CFO, Board Member

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Chevron Names New CFO, Board Member

SAN RAMON, Calif. -- Chevron Corp. promoted its treasurer Patricia Yarrington to chief financial officer of the company effective Jan. 1. Yarrington will replace Steve Crowe, 61, who Chevron said will retire after 36 years with the company.

Yarrington, 52, was elected treasurer last year. She joined Chevron in 1980 and held a series of finance and managerial jobs, including a stint as president of Chevron Canada Ltd. She was named a vice president in 2002.

Pierre Breber, 44, will succeed Yarrington as vice president and treasurer on Jan. 1.

The oil company also announced Enrique Hernandez Jr., CEO of Pasadena, Calif.-based Inter-Con Security Systems Inc. since 1986, was elected to its board and will serve on the audit committee. He is replacing retired Marine Corps Gen. James L. Jones, who is President-elect Barack Obama's choice for national security adviser, and resigned from the oil giant's board.

Jones joined the Chevron board earlier this year and served on its nominating and governance committees. His resignation took effect last week.

In addition to his CEO position at Inter-Con Security Systems, a security consultant to government agencies and private companies, Hernandez is also co-founder of Spanish-language broadcaster Interspan Communications.

Hernandez sits on the boards of McDonald's Corp., Nordstrom Inc. and Wells Fargo & Co. and is a trustee of the University of Notre Dame. Until last year, he was a director of Tribune Co., which filed for bankruptcy this week.