*Elects John Frank to Board of Directors
27 October 2017, Sweetcrude, Lagos — Board of Directors, Chevron Corporation yesterday, declared a quarterly dividend of one dollar and eight cents, $1.08 per share.
In a statement, the company said the dividend is payable on December 11, 2017, to all holders of common stock as shown on the transfer records of the corporation at the close of business November 17, 2017.
Meanwhile, the company announced that John B. Frank has been elected to its board of directors.
Frank’s appointment takes effect from November 2, 2017, and he will serve on the company’s audit committee.
“John Frank brings more than 30 years of legal and finance experience to the company,” said John Watson, Chevron’s chairman of the board and chief executive officer. “His knowledge of capital markets and risk management will be valuable to the board,” said Chevron in a statement.
Frank, 61, is Vice Chairman of Oaktree Capital Management, L.P., a firm he joined in 2001 as General Counsel.
He was Oaktree’s managing partner from 2005 until 2014.
Previously, Frank was a partner with the law firm of Munger, Tolles & Olson, L.L.P.
Prior to joining Munger Tolles in 1984, Frank served as a law clerk to the Honorable Frank M. Coffin of the United States Court of Appeals for the First Circuit.
Frank holds a bachelor’s degree in history from Wesleyan University, as well as a Juris Doctor degree from the University of Michigan Law School, and is a Trustee of Wesleyan University, Polytechnic School, Good Samaritan Hospital of Los Angeles and the XPRIZE Foundation.