press release

Chevron Press Release - Chevron Pipe Line Co. President Joe Martinelli Retires

SAN FRANCISCO, Dec. 20, 1996 -- Chevron today announced that Joe Martinelli, president of Chevron Pipe Line Co. in San Ramon, Calif., is retiring and will be succeeded by Jeet Bindra, effective Jan. 1.

Bindra, 49, was manager of strategic planning for the corporation before being assigned to lead an effort to negotiate the financing, design and construction of a pipeline from the Tengiz field in western Kazakhstan to the Black Sea. These negotiations resulted in the successful signing of the Caspian Pipeline Consortium Shareholders' Agreement in Moscow on Dec. 6. He will continue to oversee this critical aspect of Chevron's business.

Bindra joined Chevron Research Co. in 1977 as a research engineer. In 1980, he joined Chevron Corp.'s Engineering Dept. and worked on several large refining, chemical and exploration/production projects, eventually becoming chief engineer and superintendent of operations at the El Segundo, Calif., refinery. He later joined Chevron Research and Technology Co. in Richmond, Calif.

Bindra received a bachelor's degree in chemical engineering from the Indian Institute of Technology in Kanpur and a master of science degree in chemical engineering from the University of Washington, Seattle. He earned an M.B.A., with honors, from St. Mary's College in Moraga, Calif.

Bindra is a member of the Board of Governors of the National Conference -- Northern California Region, the American Institute of Chemical Engineers, the American Management Association and the University of Washington's College of Engineering Visiting Committee.

Martinelli, 60, joined Gulf Oil Corp. in 1963 as a senior project engineer and held positions of increasing responsibility, including general manager, technical, and general manager, drilling and production, Gulf Oil Exploration and Production. In 1986, he became general manager of Chevron Corp.'s Engineering Technology Dept.

A native of Pittsburgh, Martinelli earned a bachelor's degree in petroleum engineering in 1958 and an M.B.A. from the University of Pittsburgh in 1967.

He is a member of the Society of Petroleum Engineers and the American Petroleum Institute. He also has served on the Board of Examiners for the Malcolm Baldrige National Quality Award.

Updated: December 1996