Commodities and Futures News

Former Chevron CEO Kenneth Derr dies at 87

07/15/2024

Less than a minute

2024.07.15 15:24

By Sabrina Valle

HOUSTON (Reuters) – Former Chevron Corp (NYSE:) chairman and CEO Kenneth T. Derr, who led the company between 1989 and 1999, died on Friday shortly before his 88th birthday surrounded by his family, the company said on Monday.

© Reuters. FILE PHOTO: Then Kazakh President Nursultan Nazarbayev (L) talks to Kenneth T. Derr, chairman of the board at Chevron Corp, during a break on the first day of the Kazakhstan Investment Summit in Almaty June 5, 1997./File Photo

Derr expanded Chevron’s global operations during his term. The company entered a partnership in Kazakhstan’s massive Tengiz oil field, signed partnerships in Africa and re-entered Kuwait, Saudi Arabia and Venezuela. He retired in 1999 after a 40-year career.

“Ken was truly a great leader whose vision and leadership helped guide Chevron through momentous times,” CEO Michael Wirth said in a note.

07/15/2024

Less than a minute

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