Born
in Pittsburgh, Pennsylvania in 1953 Woertz was often taken on summer tours by
her parents to look at the business side of America. They visited
an oil refinery and at another time a window factory. She also saw the
headquarters of Gulf Oil and Mellon Bank.
In 1974 she graduated from Pennsylvania State
University with an accounting degree. Woertz was already something of odd thumb
back then. She took the job offer coming from Ernst & Young and was one of
only two women comprising the 200 recruits.
One
of the accounting firm’s clients was Gulf Oil Corp. who eventually hired her in
1977. Woertz proved her worth. Even when
Gulf Oil merged with Chevron she was given the critical task of looking for
ways to pay down debt while divesting assets to meet federal regulatory
requirements. By 1991 Woertz became head
of strategic planning at Chevron.
She
then became president of Chevron Canada and later Chevron International in
1995. In 2001, Woertz became executive
vice president in charge of downstream operations when Chevron merged with
Texaco. She had a rough first year in charge of 19 refineries in 180 countries.
Losses caused her to act decisively including the firing of senior executives. By 2004 profit stood at $3.25 billion.
She
retired from Chevron on February 2006 only to wind up as CEO and president of
Archer Daniels Midland (ADM) on April
2006; the chairmanship was added in 2007. ADM is one of the world’s largest
farm-commodities processors.
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