press release

Texaco Press Release - Gregory M. Vesey Named Assistant to the Chairman of Texaco Inc.

FOR RELEASE: THURSDAY, DECEMBER 17, 1998.

WHITE PLAINS, N.Y., Dec. 17 - Gregory M. Vesey has been named Assistant to the Chairman of Texaco Inc. effective January 1, 1999, Texaco Inc. Chairman and Chief Executive Officer Peter I. Bijur announced today.

Vesey is currently Director - Business Systems Management within the Comptroller's Department, responsible for developing strategies for commercial and business technology applications and enhancing fiscal work practices. He also serves as a member of the Comptroller's Department Steering Committee.

In making the announcement, Bijur said, "Greg has proven financial and technical skills, as well as a thoughtful approach to addressing important challenges, as demonstrated through his leadership in the initial evaluation of Texaco's Year 2000 issues and needs. Combined with his outstanding communications and interpersonal skills, these abilities will enable him to make a significant contribution in his new role during these challenging times."

Vesey graduated from Northwestern State University in 1980 with a Bachelor of Science degree in business/finance, and earned a Certified Public Accountant certificate in Texas in 1991. He joined Getty in 1980 as an accountant and became an employee of Texaco's Comptroller's Department in Houston in 1984 when Texaco acquired Getty Oil Company. He was promoted to Assistant Accounting Manager in the Comptroller's Department U.S. Producing Accounting in 1989. In 1992, Vesey was named Assistant to the Vice President and Comptroller in Harrison, New York. He was promoted to Manager - Corporate Systems and Planning in 1994. He assumed his current position in 1996.

For his new assignment, Vesey will transfer to Harrison, New York from Bellaire, Texas. He succeeds Robert N. Ryan, who has been assigned oversight responsibility for Texaco's Indonesian operations and will relocate from Harrison to Houston, Texas.

Updated: December 1998