press release

Texaco Press Release - Texaco Inc. Vice President and Secretary Carl B. Davidson to Retire


WHITE PLAINS, N.Y., March 30 - Carl B. Davidson, Vice President and Secretary of Texaco Inc., will retire May 1 after reaching the company's normal retirement age for officers of 65, it was announced today by Texaco Inc. Chairman and Chief Executive Officer Peter I. Bijur.

Commenting on Davidson's retirement, Bijur said, "In his 33 years of service to Texaco, Carl Davidson has provided leadership, dedication and wisdom. His tireless guidance and insightful counsel have been invaluable to Texaco."

Davidson was graduated from Rutgers University in 1954 with a bachelor of arts degree in political science and received a juris doctorate degree from Rutgers Law School in 1957. After serving as an attorney in the public sector, in 1965 he joined Texaco's U.S. marketing operations in New York as an Employee Relations Staff Assistant. Following various personnel assignments of increasing responsibility in New York and Boston, Davidson was appointed Assistant to the Vice President in charge of Sales - United States in 1971, and was named, Manager of Employee Relations and Training, Sales - United States in 1972. He was appointed Assistant Secretary of the company in 1973 and was elected Secretary in November 1974.

Davidson was elected Vice President of Texaco Inc. in February 1987. From December 1985 through April 1989, he also was the officer in charge of the company's Employee Relations Department. Davidson served as President of the Texaco Foundation from 1990 through 1997.

Davidson is on the Board of Trustees of the Purchase College Foundation, and is a member and past President of the Stockholder Relations Society of New York.

Updated: March 1998