Dr. Dambisa Moyo and Dr. Wanda Austin have been elected Chevron Corp.’s (NYSE:CVX) board of directors, the company said Aug. 9.

Moyo's appointment is effective Oct. 11; she will serve on the company's Audit Committee. Austin's appointment is effective Dec. 1; she will serve on the company's Board Nominating and Governance Committee and Public Policy Committee.

Moyo, who has a doctorate in economics, is an economist, and the is founder and CEO of Mildstorm LLC since 2015. From 2001-2008, she worked at Goldman Sachs in various roles, including as an economist. Prior to that, she worked at the World Bank in Washington, D.C. from 1993 until 1995. She currently serves on the boards of Barclays, Barrick Gold Corp., SABMiller Plc and Seagate Technology and previously served as a director of Lundin Petroleum from 2009 to 2012.

Moyo's work examines the interplay of international business and the global economy, while highlighting the key opportunities for investment.

Moyo earned a bachelor's degree in chemistry from The American University, a master's degree in finance from The American University, a master's degree in public administration from Harvard University's John F. Kennedy School of Government and a doctorate in economics from the University of Oxford.

Austin, who holds a doctorate in engineering, has served as president and CEO of The Aerospace Corp. since 2008 and holds an adjunct research professor appointment in the University of Southern California's Viterbi School of Engineering. Austin joined The Aerospace Corp. in 1979 and served in various positions, including general manager of the Military Satellite Communications Division.

From 2001 to 2003, she was senior vice president, engineering and technology group, directing a staff of 1,000 engineers and scientists. In 2004 she served as senior vice president, national systems group and as senior vice president, special studies. Before working at The Aerospace Corp., Austin worked at Rockwell International on the technical staff. She currently serves on the board of The Aerospace Corp., Horatio Alger Association, National Geographic Society and the University of Southern California.

Austin earned a bachelor's degree in mathematics from Franklin & Marshall College, master's degrees in systems engineering and mathematics from the University of Pittsburgh and a doctorate in systems engineering from the University of Southern California.