Chevron nominates new board member
Chevron Corp. said Wednesday that it has nominated retired U.S. Marine Corps Gen. James L. Jones to its board of directors.
Jones, 64, will be considered for election to Chevron's (NYSE: CVX) board at the company's annual stockholders meeting May 28.
If he is elected, the San Ramon company's board will increase from 14 to 15 members, and Jones will serve on the Public Policy Committee and the Board Nominating and Governance Committee.
The reason for expanding the board is that a handful of existing board members are nearing the mandatory retirement age for directors of 72, said a spokesman for the company, Kent Robertson.
Jones is currently president and CEO of the Institute for 21st Century Energy, which is affiliated with the U.S. Chamber of Commerce.
In that position, Jones wrote letters to Congress arguing against mandating that investor-owned utilities provide a significant amount of their power from renewable energy sources by 2020, as well as opposing a move to raise CAFE standards for cars and light trucks to 35 miles per gallon payday loan.
Prior to this job with the industry group, Jones served as the supreme allied commander, Europe, and commander of the United States European Command, NATO, from January 2003 to February 2007.
Among the directors reaching mandatory retirement age are Robert Eaton, retired chairman of the board of management of DaimlerChrysler AG, 67; Sam Ginn, retired chairman of Vodafone Air Touch PLC, 69; Franklyn Jenifer, president emeritus of the University of Texas at Dallas, 67; Sam Nunn, former U.S Senator from Georgia and co-chairman and CEO of the Nuclear Threat Initiative, 68; Donald B. Rice, CEO of Agensys Inc., 67; and Charles Shoemate, retired CEO of Bestfoods, 67.