Dunham Receives Directors' Award From N.Y. Mercantile Exchange.Business/Energy Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com NEW YORK--(BUSINESS WIRE)--May 2, 2000 The New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. has honored 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 Dunham with the Exchange's Directors' Award for Global Vision in Energy. Exchange President R. Patrick Thompson Hugh Patrick Thompson, known as Patrick Thompson, (born 21 October, 1935) is a British Conservative Party politician. Thompson was Member of Parliament for the marginal Norwich North seat, gaining it from Labour in 1983. He held the seat until his retirement in 1997. , who helped present the award at a banquet May 1 at the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Metropolitan Museum, said that Dunham personified leadership in the global energy industry. "It is with great pleasure that we bestow this honor on Archie Dunham because he has shown effective leadership in bringing Conoco (NYSE NYSE See: New York Stock Exchange :COCA)(NYSE:COCB) into the 21st century," Thompson said. "Through his vision, Conoco has demonstrated effective use of risk management tools; was one of the first non-utilities to get into the cash market electricity trading; and continues to succeed in commercial oil discoveries, with potentially half of its wildcat wells hitting a commercial deposit in 1999." The New York Mercantile Exchange Directors' Award for Global Vision in Energy was developed by the Exchange in 1997 to recognize on an annual basis an individual or entity that has demonstrated entrepreneurial leadership, promoted competitive markets, and, at the same time, has convincingly enhanced the financial performance of the company in the global energy industry. "I'd like to express my appreciation to the Board of Directors of the New York Mercantile Exchange for this honor," Dunham said. "The Exchange knows the energy industry and rides the cycles of highs and lows with us every day. Conoco and the Exchange have had a long and productive relationship, and it's one that we highly value." In his remarks, Dunham also noted the citation served to recognize the achievements the company has made over the last two years. "This award affirms what we have believed all along: that in the volatile, rapidly changing energy industry, leadership and vision are as important today as they ever were. And they will be even more important as the 21st century unfolds," he said. Dunham is the fourth recipient of the Directors' Award for Global Vision in Energy. Previous recipients include Jeffrey Skilling, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Enron Corporation Enron Corporation, U.S. company that in 2001 became the largest bankruptcy and stock collapse in U.S. history up to that time. The company was formed in 1985 when InterNorth purchased Houston Natural Gas to create the country's longest natural-gas pipeline network. ; Thomas O'Malley, chairman and chief executive officer of Tosco Corporation; and Charles Koch, chairman of the board and chief executive officer of Koch Industries, Inc. Conoco is a major, integrated energy company active in more than 40 countries. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.050200/bb7 |
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