Chevron Corporation today announced that Randolph S. Richards has been named corporate vice president and treasurer, effective May 1, 2016. Richards replaces Paul V. Bennett, who is retiring from the position after 36 years of service with the company.
"Paul has demonstrated a tremendous capability to both assess and manage risk, and has played an important role in helping to guide our financing strategies for the last several years," said Patricia E. Yarrington, Chevron's chief financial officer. "He has proven leadership skills and financial expertise, both of which were evident in multiple ways, multiple times over the course of his career."
Richards is currently vice president of Finance for Upstream. In his new role, Richards will lead Chevron's banking, financing, cash management, insurance, pension investments and credit and receivables activities. "Randy's financial acumen and breadth of experience make him well qualified to guide our financing strategies at this important juncture," said Yarrington.
Richards joined Chevron in 1979. Since then, he has held a variety of senior corporate and operations-related financial positions, including deputy comptroller, general manager Investor Relations and manager of corporate financing within the Treasury Department.
Richards earned his bachelor's degree in Industrial Engineering at Stanford in 1977 and his Master's in Business Administration from the University of Chicago in 1979.