press release

Texaco Press Release - Carole A. Young Named Corporate Ombuds Director

FOR RELEASE: FRIDAY, JANUARY 30, 1998.

HARRISON, N.Y., Jan. 30 - Carole A. Young has been named to the new position of Corporate Ombuds Director, effective February 1, 1998, it was announced today by Peter I. Bijur, Texaco Inc. Chairman and Chief Executive Officer. Young currently serves as Assistant to the President of Texaco North America Production.

In her new assignment, Young will be responsible for developing and managing Texaco's Ombuds Program, a resource within the company to provide confidential assistance in resolving work-related concerns by serving as a counselor and facilitator. In this assignment, Young, who will remain in Houston, will report directly to the Office of the Chairman and Chief Executive Officer.

"The establishment of an impartial, confidential Ombuds Program will complement the existing resources available to Texaco employees for problem resolution, all of which are designed to maintain a positive and productive environment," said Bijur in making the announcement. "Throughout her career at Texaco, Carole Young has demonstrated exceptional skill and professionalism in managing challenging and sensitive assignments.

"A review of best practices within industry has convinced us that the most successful ombuds programs are those managed internally and reporting directly to senior management, while at the same time maintaining the confidentiality critical to the success of the program," Bijur continued. "We are confident Carole will implement and manage this program in a manner that will further strengthen our workplace environment."

Young was graduated with a bachelor of science degree in business administration from Bernard M. Baruch College in New York in 1970. In 1980 she received a master of science degree in marine transportation from the State University of New York Maritime College.

Young joined Texaco in 1968 at the company's executive offices in New York. She has held a number of positions of increasing responsibility including that of Supply Analyst for Texaco Trading and Supply Company; Coordinator of Logistics and Marketing and Senior Coordinator of Environment, Health and Safety in the company's Middle East/Far East Division; and Staff Coordinator in the Corporate Planning and Economics Department, along with her most recent assignment as Assistant to the President of Texaco North America Production, where she was responsible for supporting Texaco's exploration and production activities in North America, as well as coordinating community outreach and diversity initiatives for these operations.

Updated: January 1998