press release

Chevron Press Release - Dick Matzke Elected To Chevron Board Of Directors

SAN FRANCISCO, Feb. 6, 1997 -- Chevron Corporation today announced that Dick Matzke, president of Chevron Overseas Petroleum Inc. (COPI) and a corporate vice president, has been elected to the company's Board of Directors, effective March 1. As previously announced, Ray Galvin, corporate director and president of Chevron U.S.A. Production Co., will retire Feb. 28.

COPI, based in San Ramon, Calif., is responsible for all of Chevron's exploration and production outside the United States and Canada, including successful operations in Kazakhstan, west Africa, the North Sea, China, Indonesia and Australia. Growth in international exploration and production areas is one of Chevron's key strategies.

Matzke, 59, is a native of Illinois and a graduate of Iowa State University, where he earned a bachelor's degree in geology in 1959; Pennsylvania State University, where he earned a master's degree in geology in 1961; and St. Mary's College of California, where he earned a master's degree in business administration in 1977.

He joined Chevron in 1961 as a geologist in Louisiana and advanced through positions of responsibility in the company's exploration, economics, research and corporate planning departments. In 1976, he was named assistant to the president of Chevron Corporation (then Standard Oil Company of California), and in 1979 was elected a vice president of Chevron Chemical Company. He was named general manager of the corporation's foreign operations staff and a director of Caltex Pacific Indonesia in 1982.

In 1986, Matzke was named director and president of Chevron Canada Resources Limited, the Canadian exploration and production unit based in Calgary, Alberta. In 1989, he became president of COPI.

He is a member of the Board of Trustees of the African American Institute, Board of Directors of the Business Council for International Understanding, Advisory Board of the Center for Strategic and International Studies (CSIS), the Board of Trustees of St. Mary's College of California, and Chairman of the Board of Directors of the United States-Kazakhstan Council. He is also a member of the American Institute of Professional Geologists, American Association of Petroleum Geologists and the World Affairs Council of Northern California.

Updated: February 1997