- Chevron completed its acquisition of Renewable Energy Group.
- REG stockholders approved the acquisition.
- CJ Warner, former REG CEO, joins Chevron's Board.
- The acquisition aims to expand Chevron's lower carbon solutions.
Acquisition Completion
Chevron Corporation has finalized its acquisition of Renewable Energy Group, Inc. The deal was completed following the approval by REG stockholders.
Strategic Integration
This acquisition brings together companies with complementary capabilities, assets, and customer relationships. The integration aims to position Chevron as a leading renewable fuels company in the United States, offering an expanded suite of cost-effective, lower carbon solutions that utilize existing fleets and infrastructure.
Leadership Appointment
Cynthia “CJ” Warner, formerly the president and CEO of REG, has been appointed to Chevron’s Board of Directors. Her extensive experience in both traditional and renewable energy sectors is expected to provide valuable insights and guidance as Chevron focuses on delivering lower carbon energy solutions.
