PERSONNEL MOVES AND PROMOTIONS: Chevron, Texaco appoint executives to head merged firm

Chevron Corp. and Texaco Inc. have appointed several senior executives to lead their newly formed company, ChevronTexaco Corp., once the merger closes (OGJ, Oct. 23, 2000, p. 28).Current Chevron Chairman and Chief Executive Officer Dave O'Reilly will retain the same position for ChevronTexaco. Richard Matzke, Chevron vice-chairman, and Glenn Tilton, Texaco chairman and CEO, will each hold vice-chairman positions for the merged company. These three executive positions will make up the newly formed office of the chairman.O'Reilly said that the new company is looking to gain $1.2 billion in synergies through the executive restructuring.Three executive vice-presidents will report to t...

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