press release

Timothy H. Ling, Unocal president and COO, dies unexpectedly

El Segundo, Calif., Jan. 29, 2004 - Unocal Corporation (NYSE: UCL) today said that Timothy H. Ling, 46, president and chief operating officer, died suddenly of apparent natural causes on Wednesday afternoon, Jan. 28, at a sports complex in El Segundo.

"Tim Ling was a brilliant executive with boundless energy and enthusiasm," said Charles R. Williamson, chairman and chief executive officer. "He lived every moment with gusto. Although his life was tragically short, it was remarkably full. The entire Unocal family is shocked and saddened by Tim's sudden passing. We will miss him terribly."

Williamson indicated that he would assume Tim's responsibilities as president and chief operating officer on an interim basis, effective immediately.

Tim was also a member of the company's management committee and had served as a member of Unocal's board of directors since 2000. Previously, he was executive vice president, North American Operations. He joined Unocal in 1997 as chief financial officer.

Unocal is one of the world's leading independent natural gas and crude oil exploration and production companies, with total revenues of about $6.5 billion. The company's primary oil and gas activities are in North America and Asia.

"During his six-year career with Unocal, Tim invested every ounce of his extraordinary energy in making the company successful," Williamson said. "His leadership and commitment were unwavering. He embraced change and challenge like no one else I have ever worked with."

Williamson noted that, with the help of Tim's leadership, Unocal has made a lot of difficult changes over the past few years, strengthening its profitability and future growth potential. Tim was instrumental in developing and leading many of Unocal's key business initiatives. He also helped to assemble a multitalented, highly experienced management team.

"Thanks in good part to Tim's vision and commitment, Unocal is traveling a clear and well marked path to future success," Williamson added. "We owe him a legacy of continued achievement and improved performance. Tim would expect nothing less."

Tim was born in Philadelphia, Pa. He earned a Bachelor of Science (BS) degree in geology from Cornell University in 1982 and a Master of Business Administration (MBA) degree from the Stanford University Graduate School of Business in 1989. Prior to joining Unocal, Tim was a partner at McKinsey & Company in Los Angeles. He also worked as a research geologist for the United States Geological Survey at Woods Hole, Massachusetts, where his focus was on the assessment of deepwater energy and mineral resources.

In 1987, Tim married Kimberly De Mello, a resident of Falmouth, Mass., who graduated from Falmouth High School and Salem State College. In addition to his many professional activities, Tim was a devoted family man. He was actively involved in his young children's lives, and up until the time of his death, was coach of his older boy's ice hockey team. He was also an accomplished vocalist and musician who played both the cello and the piano.

Tim served as a director of Maxis Communications, a cellular telephone provider in Malaysia. He was also a director of the American Petroleum Institute and the Domestic Petroleum Council, and served on the secretary of Energy Advisory Board, the highest-level advisory board at the U.S. Department of Energy. He was on the management board for the Stanford University Graduate School of Business and served as an officer and board member of the Los Angeles Philharmonic Association, where he helped raise needed funds to complete the spectacular new Walt Disney Concert Hall in downtown Los Angeles.

Tim is survived by his wife, Kimberly, and their three children: Hudson, 7, Tommy, 4, and Peter, 2, all of Pacific Palisades, Calif.; his parents Gilbert and Shirley Ling of Marion, Pa.; his sister and her husband, Eva and Neil Monahan of Wynnewood, Pa., and their children, Stephanie, 9, and Casey, 6; and his brother and his wife, Dr. Mark and Jenny Ling of Atlanta, Ga., and their children, Sydney, 10, and Graham, 8. Funeral arrangements are pending.

In lieu of flowers, the family requests that donations be made to either the Tim Ling Memorial Fund, St. Matthews Parish Church in Pacific Palisades, Calif., or to the Tim Ling Scholarship Fund, in care of the Los Angeles Philharmonic Association.

Updated: January 2004