press release

Chevron Press Release - Chevron Creates Environmental Management Company

Subsidiary to manage more cost-effective compliance and remediation

SAN FRANCISCO, Nov. 3, 1998 -- Chevron today announced it has established a new subsidiary, Chevron Environmental Management Co. (CEMC), to centrally manage environmental remediation activities for its U.S. operating companies.

The new company is effective immediately and will facilitate opportunities to work more closely with state and federal regulators, manage environmental risk more consistently, share successes and lessons learned across all operations, and improve contracting efficiency. As a result, the quality and cycle time to complete these remediation activities will improve, while costs and environmental risks will be reduced.

Allan Vance

Allan Vance

Establishing CEMC will benefit Chevron and the communities where we have remediation commitments, said Don Paul, corporate vice president of technology and environmental affairs, who will oversee the new company and its management team. By integrating this important part of our business, we will be more effective and consistent in our practices, and also be more efficient in reducing associated costs -- supporting one of our major strategic objectives.

To manage the more than 3,200 uniquely different sites across the country, the new company will be structured into five primary business areas: retail and terminal; chemical; petroleum processing; exploration, production and pipeline; and Superfund.

Chevron has named Allan Vance president of CEMC. Vance, a 22-year veteran with Chevron, has worked in a variety of positions in both the downstream and upstream segments. He was most recently with Chevron Research and Technology Co. managing the health, environment, and safety group.

Updated: November 1998