Chevron Announces Board Nominees

Chevron Corp. announced that Senator Charles (Chuck) Hagel and John Stumpf have been nominated for election to Chevron’s board of directors.

Hagel and Stumpf will be part of the slate of board nominees to be considered for election to Chevron’s board at the company’s annual meeting of stockholders on May 26. If they are elected, the board will expand from 14 to 16 members.

Hagel is a professor at Georgetown University and the University of Nebraska at Omaha and is chairman of the Atlantic Council. He is co-chairman of the President’s Intelligence Advisory Board and a member of the Secretary of Defense’s Policy Board and the Secretary of Energy’s Blue Ribbon Commission on America’s Nuclear Future.

Hagel served two terms in the U.S. Senate (1997-2009) representing the state of Nebraska. Hagel was a senior member of the Senate Foreign Relations Committee, the Banking, Housing and Urban Affairs Committee, and the Intelligence Committee. Prior to his election, Hagel was president of McCarthy & Company, an investment banking firm in Omaha, Neb. Hagel serves on the advisory boards of directors of: Commission on Climate & Tropical Forests; Director Emeritus, the Eisenhower World Affairs Institute; Global Zero Campaign; Ploughshares Fund; Public Broadcasting Service (PBS); and the U.S. Middle East Project. He is co-chairman of the Vietnam Veterans Memorial Fund Corporate Council. He also serves on a number of other public and private company advisory boards. He is a graduate of the University of Nebraska at Omaha.

Stumpf is chairman, CEO and President of Wells Fargo & Company. A 28-year veteran of Wells Fargo and its predecessor companies, Stumpf has served in numerous executive capacities, including leading Wells Fargo’s Southwestern Banking and Community Banking groups and the integration of Wells Fargo’s $23 billion acquisition of First Security Corporation. In December 2008, Stumpf led one of the largest mergers in history with the purchase of Wachovia. Stumpf was recently elected to the board of directors of Target Corp. He also serves on the board of directors for The Clearing House and the Financial Services Roundtable and on the board of trustees of the San Francisco Museum of Modern Art. He earned his bachelor’s degree in finance from St. Cloud State University and his MBA with an emphasis in finance from the University of Minnesota.






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