press release

Texaco Press Release - Robert J. Eaton, Former Chairman of Daimlerchrysler AG, Elected to Texaco Inc.

FOR RELEASE: MONDAY, SEPTEMBER 18, 2000

WHITE PLAINS, N.Y., Sept. 18 - Texaco Inc. announced today that Robert J. Eaton, former Chairman of the Board of Management of DaimlerChrysler AG, has been elected to the company's Board of Directors. The election of Mr. Eaton, which is effective October 27, brings the number of directors on the Texaco board to 13.

In making the announcement, Peter I. Bijur, Texaco Chairman and Chief Executive Officer said, "Through major accomplishments during his career, Bob Eaton has distinguished himself as a leader in the automotive industry. His demonstrated leadership and expertise in international business, his concern for the environment, and his focus on quality, value and customer satisfaction will be of great value to the company as we move forward with our business plans and strategic initiatives. We look forward to his contributions to our Board of Directors.".

Eaton, 60, joined Chrysler in 1992, as Vice Chairman and Chief Operating Officer and a member of the company's Board of Directors and was named Chairman, CEO and President the following year. In 1999, following the merger of Daimler-Benz AG and Chrysler Corporation, he was elected Chairman of the Board of Management of DaimlerChrysler AG. Eaton retired from DaimlerChrysler AG in March 2000. Prior to his tenure at Chrysler, Eaton was President of General Motors Europe. During his 29-year career at General Motors, Eaton held various positions at Chevrolet, Oldsmobile and the General Motors Corporate Staffs in engineering, manufacturing, product planning, and quality and reliability. He was elected a Vice President of General Motors in 1982 and Vice President and Group Executive in 1986.

Eaton was graduated from the University of Kansas with a bachelor of science degree in mechanical engineering in 1963.

Eaton is a fellow of both the Society of Automotive Engineers and the Engineering Society of Detroit and former Chairman of the National Academy of Engineering. Eaton is also a member of The Business Council and a Director of International Paper.

Updated: September 2000