Caltex New Zealand Announces New Country Chairman

Caltex New Zealand Announces New Country Chairman

Nick Hannan has been appointed Country Chairman and General Manager Marketing for Caltex New Zealand, effective from 1 January 2004. He will be based in Auckland.

Mr Hannan has broad knowledge of the petroleum market in New Zealand, and currently heads Caltex’s lubricants business. He has previous experience with Challenge Petroleum and BP, in both New Zealand and the United Kingdom, as well as lubricants experience within ChevronTexaco, Caltex’s parent company.

His appointment is part of the global transformation exercise flowing on from the 2001 merger of Chevron and Texaco, the then joint owners of Caltex. The transformation involves a number of strategic, portfolio and organisational changes designed to improve competitive position and create long-term value.

Mr Hannan replaces Mike McMenamin as Country Chairman, whose next assignment is yet to be announced.

About Caltex & ChevronTexaco:

Caltex is a wholly-owned subsidiary of ChevronTexaco, a leader in the global integrated energy business and active in more than 180 countries. ChevronTexaco is the world’s fourth-largest integrated energy company on oil-equivalent reserves (net proven reserves of approximately 11.9 billion barrels of crude oil and natural gas equivalent) and in production (net production of 2.6 million barrels of crude oil and natural gas equivalent per day). It has the capacity to refine more than 2 million barrels per day, sells more than 3.9 million barrels of refined products per day and maintains a worldwide network of 24,000 outlets, including affiliates, under the Chevron, Texaco and Caltex brands. It ranks among the top three global lubricants companies, is an industry leader in the power and gasification businesses and has extensive technology operations.

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