AT&T board elects two new directors.NEW YORK--(BUSINESS WIRE)--Dec. 20, 1995--AT&T today announced the election of Kenneth T. Derr Kenneth T. Derr is a member of the board of directors of the Halliburton Company. He is a Retired Chairman of the Board, Chevron Corporation (international oil company). He served as Chairman and Chief Executive Officer, Chevron Corporation, 1989-1999. and Ralph S. Larsen to its board of directors. Derr is chairman of the board and chief executive officer of Chevron Corporation “CVX” redirects here. For the United States Navy future aircraft carrier program, see United States Navy CVN-21 program. Chevron Corporation (NYSE: CVX) is one of the world's largest global energy companies. which has petroleum operations in the U.S. and in nearly 100 other countries. Larsen is chairman of the board and chief executive officer of Johnson & Johnson, the diversified international health care company. "Both men bring a wealth of business experience and insight," said AT&T chairman Robert E. Allen. "We're very pleased they are joining us at this time." In his 35 years with Chevron, Derr has held key executive positions in nearly every part of the company, including heading the program to merge the Chevron and Gulf corporations. Derr, 59, joined Chevron after graduating from Cornell University with B.M.E. and M.B.A. degrees. He was elected a director of Chevron in 1981, vice chairman in October of 1985, and assumed his present position as chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. in January 1989. Larsen, 57, joined Johnson & Johnson in 1962 after graduating from Hofstra University and serving two years in the U.S. Navy. In 1986 Larsen was named a company group chairman and later that year was promoted to Vice Chairman of the Executive Committee and Chairman of the Consumer Sector. He was elected a director of Johnson & Johnson in 1987, and assumed his current position as chairman and CEO in 1989. Derr is a director of Citicorp, Potlatch potlatch (pŏt`lăch'), ceremonial feast of the natives of the NW coast of North America, entailing the public distribution of property. Corporation, the American Productivity & Quality Center, the Bay Area Council, Invest-in-America, and the American Petroleum Institute The American Petroleum Institute, commonly referred to as API, is the main U.S. trade association for the oil and natural gas industry, representing about 400 corporations involved in production, refinement, distribution, and many other aspects of the industry. . He is a Trustee Emeritus of Cornell University, and a member of the National Petroleum Council, the Business Council, the Business Roundtable Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. and the California Business Roundtable. He also served as a member of President Bush's Commission on Environmental Quality, and is currently a member of President Clinton's Council on Sustainable Development. Larsen is a director of Xerox Corporation and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . He is also on Board of the U.S. Committee for UNICEF UNICEF (y  `nĭsĕf'), the United Nations Children's Fund, an affiliated agency of the United Nations. . He serves as a vice chairman of the Business Council and co-chairman of the Business Roundtable. The election of Mr. Derr and Mr. Larsen increases AT&T's board to 17 members. CONTACT: AT&T Eileen Connolly, 908/221-6731 (office) 914/361-4615 (home) or Dick Gray, 908/221-5057 (office) 908/232-3706 (home) |
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