press release

Texaco Press Release - Thomas P. Dougherty, Jr. Named Assistant General Manager


WHITE PLAINS, N.Y., July 13 - Thomas P. Dougherty, Jr. has been appointed Assistant General Manager of Texaco's Risk Management Department and Executive Vice President of Heddington Insurance Limited effective August 1, 1998, it was announced today by Jennifer Cartmell, General Manager - Risk Management Department and President and CEO of Heddington Insurance Limited. Heddington is wholly owned by Texaco and provides property and casualty insurance to Texaco's subsidiaries and affiliates worldwide.

In making the announcement, Cartmell stated, "Tom Dougherty has an in-depth knowledge of company assets and operations, which will be invaluable to the Risk Management Department. His long association with Heddington through his tax and accounting responsibilities will be a significant benefit in his new position."

Dougherty was graduated from St. Bonaventure University in Olean, N.Y., with a bachelor of arts degree in literature in 1969. He earned juris doctor and master of law and taxation degrees in 1972 and 1973, respectively, from the Marshall-Wythe School of Law at the College of William and Mary in Virginia. After serving as a trial attorney with the Internal Revenue Service, Dougherty joined Texaco in 1980 as a tax attorney at the company's worldwide headquarter offices in Harrison, N.Y. He was appointed Senior Tax Attorney in 1985, and in 1990 was named General Tax Attorney. Dougherty joined the Comptroller's Department in 1995 as Fiscal Director and Comptroller of Texaco U.S.A. (TUSA), in Houston, where he had accounting responsibility for the company's U.S. upstream, mid-stream and downstream operations. In 1996, he assumed supervisory responsibility over the company's Credit Card Services unit. He currently serves as Associate Comptroller of Texaco Inc. with responsibilities in global businesses.

Dougherty is a member of the board of trustees of the Houston Ballet and the board of directors of the YMCA of the Greater Houston Area.

In his new position, Dougherty will continue to reside in Houston.

Updated: July 1998