press release

Texaco Press Release - Texaco Chairman and Ceo Peter I. Bijur Elected Chairman

FOR RELEASE: MONDAY, NOVEMBER 8, 1999.

NEW ORLEANS, Nov. 8 - Peter I. Bijur, Chairman of the Board and Chief Executive Officer of Texaco Inc., in White Plains, New York, was elected today as Chairman of the Board of the American Petroleum Institute (API), effective January 1, 2000. The election occurred during the 1999 API Annual Meeting in New Orleans. Bijur succeeds Mike R. Bowlin, Chairman of the Board and Chief Executive Officer of ARCO, who has served as API Chairman for the past year.

"The petroleum industry plays a critical role in the U.S. and global economies. I look forward to this opportunity to lead the American Petroleum Institute, the nation's top energy trade association, as it participates in the dialogue on issues critical to the industry and the economy," Bijur said.

As Chairman of API's Board of Directors, Bijur also will chair API's 25-member Policy Committee and a 10-member Executive Committee. Bijur was elected to API's board in 1996 and has served on a number of its senior leadership committees. He has served as API treasurer and chairman of API's Program and Budget Committee, playing a key role in the recent reorganization of the Institute.

Ron W. Haddock, President and Chief Executive Officer of FINA, was elected as API's new treasurer effective, January 1, 2000. Haddock became President and CEO of FINA on January 1, 1989. He joined FINA, headquartered in Dallas, in June 1986 as Executive Vice President and Chief Operating Officer and was elected to FINA's Board of Directors in December 1987. He has served on the board of API since 1990, including a number of its senior leadership committees. He is chairman of API's industry reputation strategic issue group and has been instrumental in guiding the industry's long-term environmental, health and safety programs.

Bijur, a native of New York, New York, received a bachelor of arts degree in political science from the University of Pittsburgh in 1964 and a master of business administration degree in marketing from Columbia University in 1966. He joined Texaco's domestic marketing operations in New York City that same year.

Following a series of assignments, Bijur was appointed Assistant to the Chairman of the Board in 1981, and was elected a Director of Texaco Canada Inc. and a Director and Senior Vice President of Texaco Trinidad Inc. in 1982. He was elected a Vice President of Texaco Inc. in 1983. In 1984, he was named President of Texaco Oil Trading and Supply Company, with responsibility for worldwide purchases and sales of crude oil and petroleum products. Later that year he assumed new responsibilities as Vice President - Special Projects in Texaco's Executive Department, supervising the sale of selected assets related to Texaco's acquisition of Getty Oil Company.

The Texaco Canada Board of Directors appointed Bijur to serve as President and Chief Executive Officer of that company in 1987, and he served in that capacity until Texaco Canada Inc. was sold in 1989. Bijur was then appointed Chairman of London-based Texaco Limited. In 1990, he assumed the additional responsibilities of President of Texaco Europe, which through the United Kingdom and other European subsidiaries conducts upstream and downstream operations across the continent. Bijur returned to Texaco's headquarters in White Plains, N.Y., in 1991 and continued as head of Texaco Europe.

Bijur was elected a Senior Vice President of Texaco Inc. in May of 1992. In September of that year, he relinquished the position of President of Texaco Europe and assumed oversight responsibilities for the following company units: Texaco Europe Division, Texaco Latin America/West Africa Division and Texaco Middle East/Far East Division. Bijur was elected Vice Chairman of the Board of Texaco Inc. in January 1996 and was elected to his current position in July 1996.

Updated: November 1999