press release

Chevron Press Release - Chevron Names New Corporate Comptroller

SAN FRANCISCO, May 7, 1996 -- Chevron Corp. today announced that Stephen J. Crowe has been elected comptroller of the corporation, effective June 1. The comptroller serves as the principal accounting and financial control officer of the corporation.

Crowe, 48, will replace Donald G. Henderson, 56, who has elected retirement after 32 years of service.

Crowe joined the company in 1972 after attending the University of California, Berkeley, where he obtained both bachelor's and master's degrees in business administration.

Since 1992, Crowe has been vice president, finance, of Chevron Products Co., the corporation's largest operating company. Prior to that, he was assistant comptroller for the corporation and was refining and marketing comptroller for Chevron U.S.A.

Henderson, who will retire Aug. 1, also earned B.S. and M.B.A. degrees from the University of California, Berkeley, before joining the company in 1964. He was named comptroller of the corporation in 1986 and was also elected a vice president in 1990.

Henderson's previous assignments included vice president, finance, for Chevron U.S.A.; assistant comptroller; general manager, auditing; and assistant treasurer of the corporation.

Replacing Crowe as vice president, finance, for Chevron Products Co. will be David M. Krattebol, currently vice president, finance, for Chevron Overseas Petroleum Inc., the corporation's overseas oil exploration and production company.

Krattebol, 51, joined Chevron in 1971 after earning a bachelor's degree from Wabash College in Crawfordsville, Ind., and a master of business administration degree from Stanford University School of Business. He has held positions as comptroller for exploration and production of Chevron U.S.A. and vice president, finance, for Chevron International Oil Co.

Updated: May 1996