press release


IRVING, Texas, April 25 -- Malcolm J. McAuley has been named chief financial officer and senior vice president of Caltex Petroleum Corp. effective June 1. He replaces David Law-Smith, who will succeed Patrick J. Ward as chairman and chief executive officer of Caltex when Ward retires Sept. 1. McAuley leaves Chevron Corp. in San Francisco, where he served as Corporation Secretary. Chevron is a 50 percent shareholder in Caltex.

McAuley, 57, joined Chevron in 1966 and was assigned to the Comptroller's Staff Development Program. After a succession of financial assignments with increasing responsibility, he was appointed Manager, Financial Controls, in 1974. Three years later, he became General Manager, Auditing Division. Subsequently, he took on assignments in Chevron's Treasury Department and became Deputy Treasurer in 1983. McAuley's assignments also included a number of international projects. He served as Chevron's Aramco Financial Representative and Amoseas Financial Representative on Libya Nationalization. He also was Treasury Team Leader for the 1984 merger between Chevron and Gulf Corporation.

In 1987 McAuley was appointed Corporation Assistant Secretary, and in 1989 he became Corporation Secretary and a Chevron officer.

McAuley earned a bachelor's degree in Business Administration from the University of California at Berkeley in 1959 and an M.B.A. from the University of California at Los Angeles in 1960. He attended Northwestern University's J. L. Kellogg Graduate School of Management's Institute for Management Program and participated in Case Institute of Technology's Economics in Action Fellowship.

McAuley served in the U.S. Navy from 1961 through 1966 with assignments that included duty in Vietnam and serving as an Economics Instructor at the U.S. Naval Academy.

Caltex Petroleum Corp., which is based in Irving, Texas, is equally owned by Chevron and Texaco Inc. It operates in 61 countries in Asia, Africa and the Middle East.

Updated: April 1995