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W. H. JOYCE ELECTED UNION CARBIDE PRESIDENT; BOARD ANNOUNCES REPURCHASE PROGRAM; APPROVES MANAGEMENT STOCK OWNERSHIP REQUIREMENTS

 DANBURY, Conn., Jan. 27 /PRNewswire/ -- Union Carbide Corporation's (NYSE: UK) board of directors today elected Dr. William H. Joyce president and chief operating officer. Dr. Joyce, who joined Carbide in 1957, had been executive vice president responsible for operations.
 Chairman and CEO Robert D. Kennedy said Dr. Joyce is doing an exceptional job as architect and spearhead of the company's profit improvement program, which is expected to reach its $400 million cost reduction target by the end of 1993, a year ahead of schedule. "Bill has clearly earned the promotion," Mr. Kennedy added, noting that the post had been vacant since the spinoff of Praxair.
 In other actions, the board announced that it had authorized the repurchase of up to 10 million shares of Carbide stock over an unlimited period in order to minimize future earnings dilution from certain employee benefits, chiefly the exercise of stock options. The company said the repurchase program would be primarily financed by cash flow from operations.
 The board also announced that to ensure the continuing close alignment of management and shareholder interests, senior management would be required to own substantial amounts of Union Carbide stock. Under the new requirements, over a five-year period, management would have to acquire stock valued at four times salary for the chairman; three times salary for the president; and amounts equal to base annual salary for other corporate officers and division presidents.
 Dr. Joyce began his career with Carbide as a product development engineer at the company's Bound Brook, N.J., plant, and served in a variety of technical, marketing and administrative positions in plastic products before moving to the corporate staff in 1968.
 He became director of polyolefins operations in 1976, and a year later was named director of planning, licensing and financial control for the newly created polyolefins division, with responsibility for developing and licensing Carbide's new UNIPOL polyethylene process.
 Dr. Joyce was appointed president of the polyolefins division in 1985. He became executive vice president of Union Carbide Chemicals and Plastics and vice president of the corporation in 1990. He became executive vice president of the corporation in 1992, retaining his chemicals and plastics post, and was elected to the Carbide board that same year.
 Dr. Joyce received his bachelor's degree in chemical engineering from Penn State University. He earned his masters and doctorate in business administration from New York University.
 Dr. Joyce has served as chairman of the Society of Plastics Industry and holds several patents in the plastics field. He is a member of the Institute of Electrical and Electronics Engineers and Beta Gamma Sigma.
 Dr. Joyce, his wife, Kathleen, and their three children, William, Susan and Diana, live in Newtown, Conn.
 -0- 1/27/93
 /CONTACT: Tomm Sprick of Carbide, 203-794-6992/
 (UK)


CO: Union Carbide Corporation ST: Connecticut IN: CHM SU: PER

GK -- NY096 -- 9742 01/27/93 14:27 EST
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Date:Jan 27, 1993
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