press release

Texaco Press Release - Samantha M. Froud Named Senior Vice President


HAMILTON, BERMUDA, May 18 - Samantha M. Froud has been named Senior Vice President, Corporate of Heddington Insurance Limited, effective June 1, it was announced today by Thomas P. Dougherty, Jr., President and Chief Executive Officer of Heddington and General Manager of Texaco Risk Management.

Froud is currently Heddington's Comptroller and serves in its Hamilton, Bermuda headquarters. In addition to serving as Senior Vice President, Corporate, she will retain the position of Comptroller and will continue to lead the company's accounting and planning efforts.

In making the announcement, Dougherty stated, "Samantha's appointment recognizes the need for a strong management presence resident on Bermuda to help Heddington meet its business objectives. Her managerial skills and knowledge of the financial workings of the insurance industry will contribute greatly to Heddington's success in the face of a rapidly changing insurance landscape."

Froud was graduated from Acadia University in Canada in 1990 with a bachelor of business administration degree. She joined Heddington in 1993 after working as a Senior Auditor for Arthur Andersen & Company. She was appointed to her current position of Comptroller in 1996. She is a member of the Institute of Chartered Accountants of Bermuda.

Heddington Insurance Limited is a wholly owned subsidiary of Texaco Inc. It principally insures Texaco Inc., including its subsidiaries and affiliates, for worldwide property and casualty risks.

Updated: May 2000