Donald Paul retiring after distinguished career; Paul Siegele named vice
president of Strategic Planning
SAN RAMON, Calif., Nov. 1 /PRNewswire-FirstCall/ -- Chevron Corporation
(NYSE: CVX) announced today that John McDonald, currently vice president of
Strategic Planning, will become chief technology officer, succeeding Donald
Paul, who will retire from the company in 2008 after more than 32 years of
service. Paul Siegele, currently vice president of Deepwater
Exploration/Projects, will replace McDonald. McDonald and Siegele will
assume their new roles on Jan. 1.
"Over the course of his outstanding career, Don has made many
significant contributions to our company and the industry, where he is
widely recognized as a thought leader in advanced energy technologies and
their role in defining the evolution of the energy business," said Dave
O'Reilly, chairman and chief executive officer. "Don's unique ability to
combine innovation with practical application helped establish the
integrated model for how we approach the development and deployment of
technology across the company."
Paul, 61, joined the company in 1975 as a research geophysicist with
Chevron Oil Field Research Company. He went on to hold a variety of
management positions in both the upstream (exploration and production)
business and technology, including president of Chevron Petroleum
Technology Company and president of Chevron Canada Resources. Most
recently, he played a leading role in the National Petroleum Council's
landmark oil and gas study. He also led the development of Chevron's
biofuels business unit, which is working to commercialize the development
of renewable fuels.
In his new role, McDonald, 55, will serve as corporate officer for
Chevron's three technology companies: Chevron Energy Technology Company,
Chevron Information Technology Company and Chevron Technology Ventures LLC.
McDonald began his career with Texaco in 1975 as a geophysicist in the
company's Calgary office and went on to hold positions of increasing
responsibility at various locations around the world. In 1996, he was named
vice president for Texaco's Exploration and Production Offshore Division in
New Orleans. In 1998, McDonald was appointed vice president, Production,
for Texaco International with responsibility for Europe, based in London.
In 1999, he was named managing director, Texaco Ltd. After the merger of
Chevron and Texaco in 2001, he was appointed managing director of
ChevronTexaco Upstream Europe, based in Aberdeen, Scotland. He assumed his
current position in November 2002.
"The development and deployment of advanced technology is absolutely
critical to our success," O'Reilly said. "John combines a deep knowledge of
our business with a practical understanding of technology application and
integration. As CTO, he will be focused on continuing to enhance the
company's technology leadership."
Siegele, 48, will assume the role of corporate vice president,
Strategic Planning. He began his career with Texaco in 1980 as a petroleum
geologist in the Los Angeles operations division and has held numerous
technical and managerial positions in California, Texas, New York and
Argentina throughout his career. After the merger of Chevron and Texaco in
2001, he was appointed manager, Exploration, Chevron North America
Exploration and Production Company in New Orleans. He was named vice
president, Deep Water Exploration/Projects, in June 2005, where he has
managed the company's industry-leading exploration initiatives in the
deepwater Gulf of Mexico.
Chevron Corporation is one of the world's leading integrated energy
companies. We have approximately 58,000 employees, and our subsidiaries
conduct business in more than 180 countries. We operate across the entire
energy spectrum -- producing and transporting crude oil and natural gas;
refining, marketing and distributing fuels and other energy products and
services; manufacturing and selling petrochemical products; generating
power; and developing and commercializing the energy resources of the
future, including biofuels and other renewables. Chevron is based in San
Ramon, Calif. More information about Chevron is available at
http://www.chevron.com.
SOURCE Chevron Corporation
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Related links:
http://www.chevron.com
CONTACT:
Donald Campbell, of Chevron Corporation, San
Ramon, +1-925-842-2589
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