press release

Chevron Press Release - Chevron Appoints Two New Directors of Caltex Petroleum Corp.

SAN FRANCISCO, Jan. 27, 2000 -- Chevron Corp. today announced appointment of two senior executives to the board of directors of Caltex Petroleum Corp., Chevron's 50-percent-owned refining and marketing company operating in about 60 countries in the Asia-Pacific and East-of-Suez regions.

Effective Feb. 1, the new directors will be Chevron Corp. Vice President John Watson, who heads strategic planning, and Chevron Products Co. Vice President Peter McCrea, who oversees worldwide lubricants and technology marketing activities.

They will replace Vice President Lloyd Elkins, who has elected to retire at mid-year, and Vice President Al Caccamo, who will devote full-time to management of the corporate public affairs function.

"I want to thank and commend Lloyd for his valuable service to Chevron over a distinguished 35-year career," said Chairman Dave O'Reilly. "Although Lloyd will remain active in senior management for several months, I felt it would be prudent to shift some responsibilities now to ensure an orderly transition."

"I've also asked Al to dedicate his energies to Chevron's reputation management effort and to better integrate public and government affairs activities across our worldwide businesses. As Chevron has grown internationally, these have become increasingly complex and important functions."

Elkins will remain on the boards of Caltex Pacific Indonesia (CPI) and American Overseas Ltd. (Amoseas).

A native of Tulsa, Elkins, 56, joined the company in 1965 after graduating from the Colorado School of Mines with a degree in petroleum engineering. He served in a variety of production engineering positions until 1971, when he was assigned to Arabian American Oil Co. (ARAMCO) in Saudi Arabia, where he served in management positions in Abqaiq, Dhahran and Ras Tanura.

In 1981, he was named general manager of production for Chevron U.S.A.'s Eastern Region in New Orleans, La., and in 1983 was elected vice president of production for Chevron Overseas Petroleum Inc. In 1985, he was elected vice president of production for Chevron U.S.A.

In 1989, Elkins was elected a vice president of Chevron Corp. responsible for environmental affairs, Chevron International Oil Co., Chevron Shipping Co., Chevron Pipe Line Co., and Warren Petroleum Co., and was also elected a director of Caltex Petroleum Corp. In 1994, he was elected a director of CPI and Amoseas.

Updated: January 2000