( CHV) and
today named several senior executives to lead the merged
and disclosed the new company's organization structure.
In October, Chevron
agreed to acquire Texaco for about $35 billion in stock, creating the world's fourth-largest publicly traded oil company. The deal still needs shareholder and regulatory approval.
Dave O'Reilly, Cheveron's chairman and chief executive will maintain in the same role at the merged company. Richard Matzke, Chevron's vice chairman, and Glenn Tilton, Texaco's chairman and chief executive, will both serve as vice chairman. Together, the three will form the new office of the chairman.
Patricia Woertz, currently the vice president of Chevron and the president of Chevron Products, will become executive vice president in charge of the merged company's global downstream businesses. Darry Callahan, currently an executive vice president at Chevron, will be in charge of power, chemicals and technology. Greg Matiuk, currently Chevron's vice president of human resources, was also named executive vice president, with responsibility for administrative and corporate services.
George Kirkland will head the company's North American upstream operations, and Peter Robertson will manage the overseas petroleum business.
Earlier this month, Tilton became Texaco's chairman and CEO after
Peter Bijur stepped down to pursue other interests.
New York Stock Exchange
trading, shares of Chevron gained 11 cents, or 0.1%, to $86, while Texaco traded up by 16 cents, or 0.3%, to $64.05.