press release

Texaco Press Release - Scott D. H. Jeffery Named Director, Alliance Management

FOR IMMEDIATE RELEASE: WEDNESDAY, SEPT. 29, 1999.

WHITE PLAINS, N.Y., September 29 - Scott D. H. Jeffery has been appointed Director, Alliance Management for Texaco, it was announced today by Glenn F. Tilton, Texaco Inc. Senior Vice President and President, Global Businesses. In his new position, effective October 1, Jeffery will be responsible for alliance management, specifically for Texaco's downstream ventures in the U.S. with Shell and Saudi Refining, Inc., and the Caltex joint venture with Chevron.

Commenting on the announcement, Tilton said, "Strategic and active alliance management is key to Texaco's continued success as we strive to capture efficiencies and share best practices across our alliance portfolio. Scott and his capable team, will be invaluable as we work with our affiliate companies, our joint venture partners and our wholly-owned business units to achieve our ambitious growth plans for Texaco and for our alliances."

Jeffery earned a Bachelor of Science degree in Biology in 1983 from the University of Connecticut and a Master of Business Administration degree in Finance from Memphis State University in 1986. He joined Texaco in 1987 as an Analyst in the Finance Department where he occupied a number of positions of increasing responsibility, including Senior Financial Analyst. In 1992, he was appointed Assistant Manager, Finance for Texaco Ltd. in London and was appointed Manager, Finance one year later. He returned to the U.S. in 1995 when he was named Staff Coordinator in the Affiliate Analysis Group, based in White Plains, NY. He was appointed Director, Affiliate Analysis in 1997 and became Alliance Manager in June 1998 following the formation of the Alliance Management Group.

In his new position, Jeffery will continue to be located at Texaco's Corporate Center in White Plains, N.Y.

NOTE TO EDITORS

Alliances referred to are:

  • Caltex Petroleum Corporation, a 50% joint venture with Chevron. Through its subsidiaries and affiliates, Caltex refines and markets petroleum products in about 60 countries in the Asia-Pacific region, Africa and the Middle East;
  • Equilon Enterprises LLC, Texaco's downstream alliance that combines the company's western U.S. refining and marketing and nationwide transportation, trading and lubricants businesses with Shell's;
  • Motiva Enterprises LLC, Texaco's downstream alliance that combines the eastern U.S. refining and marketing businesses of Star Enterprise (Texaco's joint venture with Saudi Refining, Inc. that was established in 1988) with Shell's.

Updated: September 1999