SAN RAMON, Calif., Jan 31, 2005 -- ChevronTexaco Corp. (NYSE: CVX) today announced that chief procurement officer Helmut Porkert has elected to retire, effective Feb. 15. He will be succeeded by Leo G. Lonergan, currently vice president of Joint Ventures and New Business Development for the company's Global Downstream organization.
"Under Helmut's leadership, the company has improved its competitiveness by leveraging its worldwide buying power," said executive vice president John Bethancourt. "We're very grateful for his guidance in establishing a high level of professionalism in our procurement function."
"Leo will bring strong leadership and commercial skills to the procurement function," Bethancourt added. "Coupled with his broad-based international experience, these skills will enable him to deliver high-value Procurement services throughout the company."
Porkert joined the company as chief procurement officer in 1999 upon creation of its Global Procurement organization. He began his business career in 1968 with Bayer AG after earning a doctorate in organic chemistry from the Technical University of Stuttgart in Germany. He held positions of increasing responsibility during his 29-year career at Bayer. In 1992, he became senior vice president in charge of instituting Bayer's U.S. procurement and supply- chain organization. In 1997, he joined Atlantic Richfield Co. as chief procurement officer to create and implement its global procurement initiative.
Lonergan earned a bachelor of science degree in mathematics from Victoria University of Wellington, New Zealand, in 1975. He joined the marketing group of Caltex New Zealand, then an affiliate of Chevron and Texaco, in 1976. He has held positions of increasing responsibility in supply, logistics and trading in several international locations during his career, culminating in his appointment as a vice president of Caltex Corp. Most recently, he has led ChevronTexaco's relationships with key refining and marketing affiliates, including the acquisition of an additional interest in Singapore Refining Co.
About ChevronTexaco
ChevronTexaco Corp. is one of the world's leading energy companies. With more than 47,000 employees, ChevronTexaco conducts business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and marketing and distributing fuels and other energy products. ChevronTexaco is based in San Ramon, Calif. More information on ChevronTexaco is available at www.chevrontexaco.com
SOURCE ChevronTexaco Corp.
Mike Libbey of ChevronTexaco Corp., +1-925-790-3990