More ConocoPhillips Management Positions Announced.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--May 3, 2002 Conoco (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ) and 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:P) have named additional members of the ConocoPhillips ConocoPhillips (NYSE: COP) is an international energy corporation with its headquarters located in Houston, Texas. It was created through the merger of Conoco Inc. and the Phillips Petroleum Company on August 30, 2002. 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 Phil·lips A trademark used for a screw with a head having two intersecting perpendicular slots and for a screwdriver with a tip shaped to fit into these slots. , will become executive vice president, finance, and chief financial officer in the new company. The following additional leader will report directly to Carrig: Clayton Clayton, city (1990 pop. 13,874), seat of St. Louis co., E central Mo., a suburb of St. Louis; inc. 1919. Developed in the 1960s, it has high-rise office buildings, hotels, and shopping centers; several major firms are headquartered there. 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 Philip, tetrarch of Ituraea Philip, d. A.D. 34, tetrarch of Ituraea, son of Herod the Great. He was perhaps the ablest of the Herod dynasty. He is mentioned in the Gospel of St. Luke. 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: -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. 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: -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. 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 -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. Global Information Services See Information Systems. -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. 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 (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs 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: -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. 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: -- Jennifer B. Galvin, currently director, risk assessment and toxicology 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. 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 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 From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger 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. 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 $32 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. 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 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 dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. 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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