press release

Texaco Press Release - William M. Wicker Named President of Texaco Global Businesses

FOR RELEASE: WEDNESDAY, FEBRUARY 7, 2001

WHITE PLAINS, N.Y., Feb. 7 - William M. Wicker, Texaco Inc. Senior Vice President of Corporate Development, has been named President of Texaco Global Businesses, effective immediately, it was announced today by Texaco Inc. Chairman and Chief Executive Officer Glenn F. Tilton. As President of Global Businesses, Wicker will be responsible for the combined Global Businesses and Corporate Development portfolios of Texaco.

In his new assignment, Wicker will oversee Texaco's downstream activities, including Texaco International Marketing and Manufacturing, Global Products, International Aviation Sales together with alliance management for Caltex Corporation, Equilon and Motiva, the U.S. downstream alliances with Shell and Saudi Aramco, and Fuel & Marine Marketing LLC. Additionally, he will have oversight responsibility for Texaco Natural Gas Inc., Texaco Gasification & Power, Texaco Pipeline International, Texaco Technology Ventures, Texaco Energy Systems Inc., and for the review and management of the company's asset acquisition opportunities.

In announcing the appointment, Tilton said, "Texaco's Global Businesses portfolio, managed by a strong, talented team, is complex and global in scope, and Bill Wicker's results-driven management skills, strategic vision and leadership abilities make him ideally suited to assume the responsibilities of directing these important parts of our business."

Before joining Texaco in 1997 as Senior Vice President of Corporate Development, Wicker served as co-head of Credit Suisse First Boston's Global Energy Group handling transactions representing clients in the United Kingdom, Italy, the Czech Republic, Russia, Argentina, Brazil, Malaysia and Thailand.

Prior to that, Wicker served as a Senior Vice President of Kidder Peabody & Co.'s Energy Group in New York, from 1987 to 1989, and as a consultant with McKinsey & Co.'s energy practice in Dallas, from 1983 to 1987. Wicker began his career with Moore McCormack Resources Inc. in 1975, and was appointed Vice President of Moore McCormack Energy in 1981.

Wicker was graduated from Union College with a bachelor of arts degree in political science in 1971. He earned a master of arts degree in political science from Indiana University in 1973, and a master of business administration degree from Harvard Business School in 1975.

Wicker will continue to be located at Texaco's Corporate Center in White Plains, New York.

Updated: February 2001