Chevron Corp., the $205 billion oil and gas company based in San Ramon, Calif., appointed Paul Bennett treasurer and vice president. He replaces Pierre Breber, who was named deputy managing director of the Asia South business unit in Chevron's international exploration and production business. Bennett, 57, served as vice president of finance, downstream and chemicals, since 2009. He has held various finance positions, including manager of tax compliance and audits for Chevron U.S.A., since joining the company in 1980.

Calpers named Russell Fong CFO. This is a new position for the California Public Employees' Retirement System, which is the largest pension fund in the United States, with $230 billion in assets. Fong, 46, was formerly the interim assistant executive officer of Sacramento-based Calpers' administrative services branch. He joined the pension fund in 2005 as chief of fiscal services. Earlier, he served as CFO for the California Health and Human Services Agency Data Center and worked at California Bank & Trust.

Kraft Foods, the $49 billion food company, promoted David Brearton to CFO. He succeeds Timothy McLevish, who is leaving Northfield, Ill.-based Kraft to pursue general management opportunities. Brearton, 50, served as Kraft's executive vice president of operations and business services since 2008. Since joining Kraft in 1984, he has also served as executive vice president of global business services and strategy, corporate controller, and senior vice president of finance for Kraft Foods International.