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Monday, April 23, 2018

CHEVRON/TEXACO NEW COMPANY STRUCTURE

The following announcement has been received from Mr. Tom Olinger, General Manager-Commercial Group, ChevronTexaco Shipping Company.

The following announcement has been received from Mr. Tom Olinger, General Manager-Commercial Group, ChevronTexaco Shipping Company.

We are pleased to announce that the marine organizations of Chevron, Texaco and Caltex Corporations have been combined into one new company:

ChevronTexaco Shipping Company LLC.

ChevronTexaco Shipping Company LLC and its marine affiliates are responsible for all global marine transportation activities of the new ChevronTexaco Corporation, which was formed by the merger of Chevron and Texaco on October 9, 2001. Mr. Mike Carthew will head ChevronTexaco Shipping Company LLC as its president, and the company will be headquartered in San Ramon, California.

The company will be organized into three business groups:

The Marine Services Group will provide marine technical expertise to other ChevronTexaco business units and will manage ChevronTexaco's shipbuilding programme. The Marine Services Group is headed by Mr. Jay Johnson.

The Marine Transportation Teams, headed by the Fleet Manager, will manage the Company's owned and bareboat-chartered tankers and will provide post-charter liaison for in-chartered vessels. Captain David Caldow is Fleet Manager.

The Commercial group, headed by Mr. Tom Olinger, is responsible for all vessel chartering and clearance activities. To accommodate the global reach of the new ChevronTexaco Corporation, Mr. Olinger's group will have offices in London, Singapore and Houston, Texas. Chartering and Clearance specialists will be located in each regional office. Mr. Tom Pappas, who will manage ChevronTexaco's global vessel clearance activities, will be located in San Ramon.

Regional Managers reporting to Mr. Olinger are:

Houston:           Mr. Rick Powell
London:             Mr. Peter Little
Singapore:        Mr. Tim Coombs

Also reporting to Mr. Carthew in San Ramon are:

          Mr. Bill Andrew, Manager - Strategic Planning and Analysis
          Captain Phil Davies, Manager - Safety, Environment and External

Affairs

          Ms. Judith Knapp, Vice President, General Counsel
          Ms. Katie Lindauer, Manager, Human Resources
          Mr. Bryan Walley, Manager, Finance

Additional information on the new organization including details for the new regional offices will be released shortly.