press release

Texaco Press Release - John A. VanVolkinburg Named Vice President of Finance for Texaco Brasil

FOR RELEASE: THURSDAY, JUNE 8, 2000

WHITE PLAINS, N.Y., June 8 - John A. VanVolkinburg has been named Vice President of Finance for Texaco Brasil, effective July 1, it was announced today by Eugene Celentano, Texaco Vice President and President of Texaco International Marketing and Manufacturing (TIMM).

In making the announcement, Celentano said, "John has a strong background in corporate finance, which will serve him well in his new position. His thorough understanding of the financial aspects of our businesses, coupled with his strong interpersonal skills, will help us to achieve our business objectives in South America."

In his new role, VanVolkinburg will be responsible for financial matters in Brazil and the Southern Cone Region of South America. He will also coordinate financial activities for Texaco Brasil in connection with Texaco Inc.'s exploration and production, and power activities in Brazil.

VanVolkinburg graduated from Michigan State University in 1981 with a bachelor of science degree in chemical engineering and from The Wharton School of the University of Pennsylvania in 1987 with a master of business administration degree.

He joined Texaco in 1987 as a financial analyst in the company's White Plains, N.Y. office and went on to hold a number of positions of increasing responsibility within the Finance Department. In 1996 he transferred to Texaco's Houston office and was named Manager, Finance in 1999.

In his new position, VanVolkinburg will relocate from Houston to Rio de Janeiro, Brazil.

Updated: June 2000