press release

Texaco Press Release - Anne T. Dowling Named President of Texaco Foundation

FOR RELEASE: WEDNESDAY, FEBRUARY 11, 1998.

WHITE PLAINS, N.Y., Feb. 11 - Anne T. Dowling, Texaco Inc.'s Director - Corporate Contributions and Community Relations, has been elected President of the Texaco Foundation, it was announced by Dr. John Brademas, Chairman of the Texaco Foundation. Dowling succeeds Carl B. Davidson, who has retired from the Foundation. Davidson remains Vice President and Secretary of Texaco Inc.

Established in 1979 under the sponsorship of Texaco Inc., the Texaco Foundation has provided an aggregate of $156 million in grants to support selected non-profit, tax-exempt organizations in both the United States and in countries where Texaco has a presence.

"This is a period of strategic focus for the Texaco Foundation, as we shape our future contribution goals to reflect our commitment to developing our most precious resource: children," said Dowling. "I look forward to working with the Foundation Board to fulfill this mission and build on its enviable record of support for quality education programs initiated under the effective leadership of Carl Davidson."

Dowling graduated from Fordham University with a bachelor of arts in political science. Before joining Texaco in 1997, she was a New York-based independent consultant to corporations, non-profit groups and government agencies on philanthropic, communications and strategic planning activities. Previously, Dowling was Director, Corporate Contributions, at Philip Morris Companies Inc. She is located at Texaco's corporate headquarters in Harrison, N.Y.

Updated: February 1998