Senator Chuck Hagel and John G. Stumpf Nominated to Chevron Board of Directors

[emad]

Source: MarketWatch

SAN RAMON, Calif., Mar 31, 2010 (BUSINESS WIRE) -- Chevron Corporation /quotes/comstock/13*!cvx/quotes/nls/cvx (CVX 75.83, +0.56, +0.74%) today announced that Senator Charles (Chuck) T. Hagel and John G. 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 distinguished 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 United States 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, Nebraska.

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Stumpf is Chairman, Chief Executive Officer and President of Wells Fargo & Company /quotes/comstock/13*!wfc/quotes/nls/wfc (WFC 31.13, +0.01, +0.03%) .

Read more: http://www.marketwatch.com/story/senator-chuck-hagel-and-john-g-stumpf-nominated-to-chevron-board-of-directors-2010-03-31?reflink=MW_news_stmp

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Big guns on the Chevron top deck.

Expect the share price to rocket once these appointments have been ratified.

[williesgirl]

1. Why isn't this a conflict of interest for sitting Senators to do this?

[Bette Noir]

2. It gives his dates in office as "1997 to 2009," so he's not a sitting Senator.

I still don't like the way it looks.

edited for typo.

[diva77]

3. ES&S owner Chuck Hagel -connects voting machine & elections industry with petroleum industry

very interesting