Conoco Announces Executive Management Changes.HOUSTON--(BUSINESS WIRE)--Nov. 9, 1999-- Conoco Inc. (NYSE NYSE See: New York Stock Exchange :COCA) (NYSE:COCB) has made senior management changes to position Conoco for the future and guide the company's ambitious growth strategies. In announcing the changes, Conoco Chairman, President 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. Archie W. Dunham said, "The new Conoco management team will provide the leadership, resources and focus needed to meet our goal of doubling the enterprise value of Conoco to at least $30 billion by 2003, up from $15 billion in 1995." Gary W. Edwards, formerly executive vice president, refining, marketing and transportation, is named senior executive vice president, corporate strategy and development. He becomes the principal advisor to the chairman and chief executive officer in implementing Conoco's growth strategy. Edwards is directly responsible for integrating corporate strategy, including all major merger and acquisition opportunities, and communications, information management, government affairs, external affairs and investor relations Investor relations The process by which the corporation communicates with its investors. for Conoco. During his 36-year career with Conoco, Edwards has held a number of key management positions in the company in the areas of planning, natural gas and gas products, and refining and marketing in the U.S. and the U.K. Jim W. Nokes, formerly president, refining and marketing - North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , is promoted to executive vice president, refining, marketing, supply and transportation. Nokes will become a member of the Conoco Management Committee. Nokes has held a broad array of leadership assignments during his 29-year career with Conoco, including experience in Downstream marketing, pipeline and transportation operations; in natural gas and gas products; and in business development, as part of Upstream's Conoco (UK) Limited management in London. Both Edwards and Nokes will report to Dunham. Richard W. Severance, formerly general manager, Mid Continent Business Unit - RMNA RMNA Rocky Mountain Nature Association RMNA Rocky Mountain Neurosurgical Alliance RMNA Ragged Mountain Natural Area RMNA Reduced Modified Nodal Analysis RMNA Rocky Mountain Network Administration (Edmonton, Alberta, Canada) , is promoted to president, refining and marketing - North America, replacing Nokes. Severance becomes an officer of the company and member of the Downstream Leadership Team. He will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. to Houston and report to Nokes. Severance joined Conoco 29 years ago in the Continental Pipeline organization. He brings leadership experience in planning, pipeline, transportation, refining and lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. operations to his new role as a result of assignments in Cheyenne, Wyo.; Billings, Mont.; Houston, Ponca City Ponca City, city (1990 pop. 26,359), Kay co., N Okla., on the Arkansas River; founded 1893 with the opening of the Cherokee Strip, inc. 1899. It is a trade, processing, and shipping hub in a grain, livestock, and oil area. , Okla.; and a marketing assignment in Stockholm. Conoco is a major, integrated energy company based in Houston and active in 40 countries. |
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