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ARMCO AND USX NAME JOEL STAFF PRESIDENT OF NATIONAL-OILWELL JOINT VENTURE

 PARSIPPANY, N.J., July 13 /PRNewswire/ -- Armco Inc. (NYSE: AS) and USX Corporation announced today the appointment of Joel V. Staff as president and chief executive officer of National-Oilwell, their 50-50 oilfield joint venture headquartered in Houston. Mr. Staff replaces David Higbee who is returning to Armco where he will head a diversified businesses group.
 Mr. Staff has seventeen years experience in the oil service industry with Baker Hughes Incorporated, most recently as president of Baker Hughes INTEQ. Mr. Staff noted "I am excited about the opportunities to participate in the continued growth and development of an organization as respected as National-Oilwell. The company's reputation for quality products and services position it to substantially benefit from the industry trend to develop closer relationships between customers and selected suppliers."
 The partners of National-Oilwell expressed their pleasure in being able to attract an executive with the experience and talent of Mr. Staff. "This appointment reaffirms our intention to preserve in National-Oilwell a strong company that is well positioned to serve the needs of its oilfield customers."
 -0- 7/13/93
 /CONTACT: Gerald L. Marx of National-Oilwell, 713-760-5425, or James A. Herzog of Armco, 201-316-5276/
 (AS)


CO: Armco Inc.; USX Corporation ST: New Jersey, Texas IN: OIL MNG SU: PER

TS -- NY026 -- 0793 07/13/93 10:03 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 13, 1993
Words:216
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