More ConocoPhillips Management Positions Announced.Business Editors BARTLESVILLE, Okla.--(BUSINESS WIRE)--May 3, 2002 Phillips Petroleum Company Phillips Petroleum Company was founded in 1917 by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. Their younger brother, Waite Phillips was the benefactor of Philmont Scout Ranch. Phillips Petroleum was headquartered in Bartlesville, Oklahoma. (NYSE NYSE See: New York Stock Exchange :P) and Conoco (NYSE:COC See chip on chip. ) have named additional members of the ConocoPhillips management team that will become effective after the completion of their proposed merger. Finance As previously announced, John A. Carrig, currently senior vice president and chief financial officer for Phillips, will become executive vice president, finance, and chief financial officer in the new company. The following additional leader will report directly to Carrig: Clayton Reasor, currently director, investor relations Investor relations The process by which the corporation communicates with its investors. for Phillips, will become general manager, investor relations. Commercial As previously announced, Philip L. Frederickson, currently senior vice president for Conoco, corporate strategy and business development, will become executive vice president, commercial in the new company. The following will report directly to Frederickson: Andrew J. Kelleher, currently vice president, commercial for Phillips, will become president, Americas supply and trading. J. Michael Stice, currently manager, gas marketing for Conoco, will become president, gas and power. Rex W. Bennett, currently manager, gas and power marketing for Conoco, will become general manager, risk management. Todd W. Fredin, currently president and general manager, Conoco International Inc., will become general manager, Europe supply and trading. Sarah A. Edman, currently manager, natural gas liquids for Conoco, will become manager, natural gas liquids. L. Clint Plant, currently downstream finance manager, refining, marketing, supply and transportation for Conoco, will become manager, finance and commercial integration. James T. Webster, currently manager, crude supply and marketing west for Phillips, will become manager, Asia supply and trading. Chris W. Conway, currently manager, supply and trading 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. for Conoco, will become general manager, Americas crude, reporting to Kelleher, and will serve as lead of the global crude optimization team. Planning and Strategic Transactions As previously announced, John E. Lowe, currently senior vice president of corporate strategy and development for Phillips, will become executive vice president, planning and strategic transactions. The following will report directly to Lowe: William E. Earnest, currently manager, worldwide merger and acquisitions for Conoco, will become general manager, corporate planning and strategic transactions. Brian G. Evans, currently manager, fuels technology for Phillips, will become manager, fuels technology. Joe C. Frana, currently manager, financial modeling for Phillips, will become manager, corporate modeling. Paul J. Grimmer, currently manager, diversified business for Conoco, will become manager, gas technology. Ann M. Oglesby, currently manager, emerging businesses for Phillips, will become manager, emerging technology. Marianne S. Kah, currently chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for Conoco, will become chief economist. Global Services and Systems As previously announced, Gene L. Batchelder, currently vice president and chief information officer for Phillips, will become senior vice president, services, and chief information officer in the new company. The following will report directly to Batchelder: Services Elizabeth W. Heaton, currently general auditor for Phillips, will become general manager, global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . William A. Nahill, currently general manager and chief procurement officer A Chief Procurement Officer (CPO) is an executive role focused on supply management for an enterprise. A report by Aberdeen Group shows a marked acceleration in the significance of procurement's role. for Conoco, will become general manager and chief procurement officer. Charlie E. Ewers, currently manager, aviation for Phillips, will become manager, global aviation services. Bryant Santini, currently manager, information technology planning -- refining, marketing and transportation (RM&T) for Phillips, will become manager, global facility services. Global Information Services See Information Systems. Debbie G. Adams, currently manager, downstream North America information management for Conoco, will become general manager, global downstream information services. Marty R. Schoenthaler, currently manager, technology development and exploitation for Phillips, will become general manager, global upstream information services. Michael N. Gibbs, currently manager, refining-marketing Europe SAP and refining-marketing Asia-Pacific information management for Conoco, will become manager, commercial information services. Brit brit also britt n. 1. The young of herring and similar fish. 2. Minute marine organisms, such as crustaceans of the genus Calanus, that are a major source of food for right whales. Parker, currently manager, upstream integration for Phillips, will become manager, program management office. Mark Pexton, currently manager, upstream global information management for Conoco, will become manager, global information services functional excellence. Kay M. Sallee, currently manager, enterprise application services See ASP and Web services. for Phillips, will become manager, enterprise applications and corporate information services. Norman W. Towler, currently manager, global enterprise infrastructure for Phillips, will become manager, enterprise infrastructure services. Government and Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. As previously announced, Thomas C. Knudson, currently senior vice president of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , information management and corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. for Conoco, will become senior vice president, government and public affairs in the new company. In addition, he will become president, government and public affairs division. The following will report directly to Knudson: Don R. Duncan, currently vice president, government relations for Phillips, will become vice president, federal affairs, government and public affairs. William H. Easter, currently general manager, Gulf Coast business unit for Conoco, will become vice president, state affairs, government and public affairs. Samuel F. Falcona, currently manager, corporate affairs for Phillips, will become vice president, communications and public affairs, government and public affairs. Elizabeth F. Williamson, currently executive assistant to the chairman, president and chief executive officer for Conoco, will become vice president, international affairs Noun 1. international affairs - affairs between nations; "you can't really keep up with world affairs by watching television" world affairs affairs - transactions of professional or public interest; "news of current affairs"; "great affairs of state" , government and public affairs. Human Resources As previously announced, Joseph C. High, currently vice president of human resources and services for Phillips, will become vice president, human resources in the new company. The following will report directly to High: Don F. Kremer, currently RM&T and corporate human resources (HR) manager for Phillips, will become general manager, commercial and corporate staff. Harvey L. Black, Jr., currently business services manager, worldwide production and operations, for Phillips, will become manager, HR compensation and benefits. Denise D. Doctor, currently manager, global HR technology for Conoco, will become manager, HR functional excellence. Vicki E. Holmes, currently director, human resources, downstream North America for Conoco, will become manager, HR strategic staffing. Jeanne O'Connor-Green, currently organization and performance manager for Phillips, will become manager, HR training and development. Craig H. Friedmann, currently medical director for Phillips, will become chief medical officer. Health, Safety and Environment As previously announced, Bob A. Ridge, currently vice president of health, environment and safety for Phillips, will become vice president, health, safety and environment in the new company. The following will report directly to Ridge: Jennifer B. Galvin, currently director, risk assessment and toxicology toxicology, study of poisons, or toxins, from the standpoint of detection, isolation, identification, and determination of their effects on the human body. Toxicology may be considered the branch of pharmacology devoted to the study of the poisonous effects of drugs. for Phillips, will become manager, industrial hygiene and toxicology. Michael D. Johnston, currently manager, safety, health and environment downstream North America for Conoco, will become manager, safety and environmental downstream. Gary A. Kilpatrick, currently manager, reviews and assessments for Phillips, will become manager, corporate health, safety and environment auditing. William A. Kitchen, currently manager, remediation downstream North America for Conoco, will become manager, property risk management and remediation technology. Les W. McMillan, currently manager, health and safety, refining for Phillips, will become manager, safety and environmental upstream. The manager of sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union will be named at a later date. Upstream As previously announced, James D. McColgin, currently president, exploration and production, Africa, Asia Pacific and Middle East for Conoco, will become president, USA Lower 48 and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. in the new company. The following additional leader will report directly to McColgin: Laura A. Sugg, currently vice president, worldwide gas for Phillips, will become general manager, midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. operations. Phillips is an integrated petroleum company with interests around the world. Headquartered in Bartlesville, Okla., the company had approximately 37,400 employees, $36 billion of assets and $38 billion of annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues as of March 31, 2002. Conoco is a major, integrated energy company active in more than 40 countries. Headquartered in Houston, the company had 20,000 employees, $27.9 billion of assets, and had $32 billion of annualized revenues as of March 31, 2002. CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995 This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this press release include statements about the future management and operations and the proposed Conoco/Phillips merger. These statements are not guarantees of future performance, involve certain risks, uncertainties, and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which Conoco or Phillips expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the risk that Conoco's and Phillips' businesses will not be integrated successfully; costs related to the proposed merger; and other economic, business, competitive and/or regulatory factors affecting Conoco's and Phillips' businesses generally as set forth in Conoco's and Phillips' filings with the SEC, including their Annual Reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended 2001, especially in the Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial section, their most recent Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and their Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . Conoco and Phillips are under no obligation to (and expressly disclaim any such obligation to) update or alter their forward-looking statements whether as a result of new information, future events or otherwise. |
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