HOUSTON, March 15 /PRNewswire/ -- Pennzoil-Quaker State Company
(NYSE: PZL) announced today that Herbert M. Baum, vice chairman and a member
of the Board of Directors, resigned those positions effective March 9, 1999.
Mr. Baum is the former chairman and chief executive officer of Quaker
State Corporation, which merged with Pennzoil Products Company in December
1998 to form Pennzoil-Quaker State Company. On January 5, 1999, Mr. Baum
became president and chief operating officer of Hasbro, Inc. (Amex: HAS),
headquartered in Pawtucket, RI.
James L. Pate, chairman and chief executive officer of Pennzoil-Quaker
State, said, "We greatly appreciate Herb Baum's contributions to the formation
of our company, and we wish him well as he pursues his new responsibilities at
Hasbro."
Pennzoil-Quaker State Company is a leading worldwide automotive consumer
products company that markets Pennzoil(R) and Quaker State(R) brand motor
oils, the number one and number two selling motor oils in the United States.
Jiffy Lube, a wholly owned subsidiary of Pennzoil-Quaker State Company, is the
world's largest fast lube operator and franchiser. Pennzoil-Quaker State
Company also markets a complete line of automotive car care products including
Axius(TM) auto accessories, Blue Coral(R) and Classic(R) waxes and washes,
Black Magic(R) and Westley's(R) tire and wheel care products, Fix-A-Flat(R)
tire inflators, Medo(R) air fresheners, Rain-X(R) glass treatments, Gumout(R),
Snap(R) and The Outlaw(R) maintenance chemicals and Slick 50(R) engine
treatments.
SOURCE Pennzoil-Quaker State Company
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Related links:
http://www.pennzoil-quakerstate.com
CONTACT:
Greg Panagos of Pennzoil-Quaker State
Company, 713-546-8914
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