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TENNECO ANNOUNCES EXECUTIVE CHANGES

 TENNECO ANNOUNCES EXECUTIVE CHANGES
 HOUSTON, Sept. 15 /PRNewswire/ -- Tenneco Inc. (NYSE: TGT) today


announced a change in responsibilities for Robert J. Carlson, 63, chairman of J I Case, its agricultural and construction equipment unit, based in Racine, Wis. Carlson will become vice chairman and will focus on strategic marketing issues. He will remain a Tenneco director.
 Dana G. Mead, Tenneco president and chief operating officer, will take on added responsibilities as chairman of Case. Edward J. Campbell will continue as president, and Peter Menikoff will continue as executive vice president of Case.
 "Prior to joining Case in July of 1991, Bob Carlson favored a consulting or advisory role, but was persuaded to take on the company's top job," said Mike Walsh, Tenneco chairman and chief executive officer. "Bob came to Case at a difficult time and has made a major contribution. His knowledge of our markets and our dealers has helped us face new market realities. Now Bob would like to make a transition to the role he originally proposed. That is made possible by the strengthening of our management teams at Case and Tenneco and the progress we've made to date."
 Carlson said, "Case has great products, excellent people and outstanding dealers. This is a logical transition. I'm delighted I'll be able to participate in the manner I first discussed with Tenneco."
 Looking to the future, Walsh said, "Dana Mead's taking on these added responsibilities reflects the obvious importance of Case to Tenneco. This move is less in the nature of a change and more in the nature of an enhancement of what we are already doing at Case. It will facilitate the continued integration of our efforts in Racine and Houston.
 "Today's announcement does not portend a significant change in our approach," Walsh said. "Ed Campbell is a proven operating executive and Tenneco veteran who knows Case well. Peter Menikoff is a savvy, hard- nosed financial man. With this strong management team in place, supported by a capable and committed organization, we will focus on the full range of operating and strategic issues with the continued commitment to do whatever is necessary to realize Case's potential," Walsh said.
 "Despite dismal markets we're making real progress at Case," Walsh said. "During the second quarter we earned $11 million versus a loss during the second quarter of last year of $123 million. This swing of $134 million -- on 10 percent lower revenues -- is good evidence that our plan is working. Looking ahead, we will continue with our stated objectives of controlling inventories, improving price realization and continuing to dramatically reduce costs. Our goal remains the same: consistent profitability. We have a tough-minded program under way at Case to address financial, manufacturing and marketing issues head-on. Our assessment of the challenge we face hasn't changed, and neither has our resolve," Walsh said.
 Tenneco Inc. (NYSE: TGT) is a Houston-based diversified industrial company with major business interests in natural gas pipelines (Tenneco Gas), farm and construction equipment (J I Case), automotive parts (Tenneco Automotive), shipbuilding (Newport News Shipbuilding), packaging (Packaging Corporation of America) and chemicals (Albright & Wilson).
 -0- 9/15/92
 /CONTACT: Christine LeLaurin of Tenneco Inc., 713-757-2761/
 (TGT) CO: Tenneco Inc. ST: Texas IN: OIL SU: PER


PS -- NY047 -- 9640 09/15/92 12:35 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
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