Chevron board considers waiving mandatory retirement age


Chevron’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth, a move that would allow him to remain CEO for a longer period.

Some board members have said the oil company doesn’t have an internal candidate ready to succeed Wirth, who would reach the company’s fixed retirement age of 65 in late 2025. Read the full story from The Wall Street Journal.