DUNHAM TO BECOME PRESIDENT AND CEO OF CONOCO INC.HOUSTON--(BUSINESS WIRE)--Oct. 10, 1995--Archie W. Dunham will become president and chief executive officer (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. ) of Conoco Inc., a wholly owned DuPont subsidiary, on Jan. 1, 1996, succeeding Constantine S. "Dino" Nicandros, who is retiring. Dunham, Conoco's executive vice president, exploration production, and a senior vice president of DuPont, also will become a member of DuPont's board of directors, DuPont executive vice president, and a member of the Office of the Chief Executive. He will continue to serve on the Conoco board of directors. "Archie Dunham is an outstanding business leader who has had executive-level experience in both Conoco and the chemicals businesses of DuPont," Nicandros said. "He's determined and results-oriented, with high standards and expectations. "Archie has significantly improved the quality of our businesses," Nicandros continued. "He led our upstream business to record earnings at a time when oil prices have declined substantially. He also has brought a much tighter focus to Conoco's exploration activities, allowing us to increase the value of Conoco by expanding our strategic global reserves and achieving higher productivity." "The actions we've taken over the last several years have positioned us well to achieve superior competitive performance in whatever market conditions we encounter," Dunham said. "Conoco's accomplishments under Dino's leadership have been impressive. The opportunities for long-term profitable growth are even more exciting. I'm looking forward to working with the Conoco worldwide organization as we build on our traditional strengths of resourcefulness and innovation while significantly growing the company." Succeeding Dunham as executive vice president, exploration production, will be R.E. McKee III, executive vice president, corporate strategy and development for Conoco, and senior vice president of DuPont. Dunham, 56, joined Conoco in 1966. He held a number of managerial positions in Conoco's various businesses prior to being named executive vice president of petroleum products, 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. , in 1985. In 1987 he became group vice president of DuPont's chemicals and pigments business and in 1989 assumed the same position for polymer products. In 1990, he became senior vice president, DuPont Polymers, and returned to Houston in 1992 to his current position. Dunham is a former chairman of DuPont's Environmental Leadership Council. A native of Oklahoma, Dunham has a bachelor's degree in geological engineering Geological engineering is the engineering science of applying engineering principles to the study of geological materials as part of the engineering design of facilities including roads, tunnels, and mines especially as related to minerals and mineral products. and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. . He is currently on the board of directors of 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. and serves on the board of directors and the executive committee of the U.S.-Russia Business Council U.S.-Russia Business Council (USRBC) is a Washington-based trade association that represents the interests of 300 member companies operating in the Russian market. The Council’s mission is to expand and enhance the U.S.-Russian commercial relationship. . He is a past vice chairman of the National Petroleum Refining Association and of the Natural Gas Supply Association. Dunham also serves as a director of Bell Atlantic - Delaware, Inc., and is on the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Memorial Hospital System in Houston. He is chairman of the Board of Visitors of the University of Oklahoma School of Engineering. McKee, 49, joined Conoco in 1968 as an associate engineer in Conoco's New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded office. During his career he has held a variety of U.S. and international assignments. In 1988, he was appointed chairman and managing director of Conoco (U.K.) Limited, a Conoco affiliate based in London, and elected a vice president of DuPont. He returned to Houston in 1991 as vice president, refining and marketing, North America, and was named senior vice president later that year. In 1992 he was appointed executive vice president, exploration production and administration, and was named to his current position in September 1994. A native of Wyoming, McKee received a bachelor's degree in petroleum engineering from Colorado School of Mines Colorado School of Mines, at Golden; state supported, coeducational; chartered 1874. It was one of the first mineral engineering schools in the United States. and a master's degree in industrial management from MIT MIT - Massachusetts Institute of Technology . Conoco is an integrated, international petroleum company employing 17,000 people and operating in 28 countries around the world. CONTACT: Conoco Inc., Houston Jim Felder, 713/293-4395 |
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