It’s Going to Be a Gas: Chevron Corp. and Texaco Inc. named the management team that will head up ChevronTexaco Corp. upon completion of their merger. Among the announcements was the appointment of John Watson to CFO of the combined firm. The former CFO of San Francisco-based Chevron, will report to his old chairman and CEO Dave O’Reilly, who will hold the same posts at the merged company.
Robert Schiffner is getting a souped up for his new gig as CFO of Campbell Soup Co. The Camden, N.J.-based food company chose the former SVP and treasurer of Nabisco Group Holdings to succeed Basil Anderson, who announced his retirement earlier this month.
Oil Change: Phillips Petroleum Co. said SVP and CFO Tom Morris is retiring effective April 30. He will be succeeded at the Bartlesville, Okla.-based company by former SVP and treasurer John Carrig who was promoted to the CFO post earlier this month. Morris earned $779,365 in salary and bonus in FY99.
Web integration firm US Interactive Inc. is trying to prevent disintegration. CFO Gary Rhea resigned amid the company’s legal turmoils, including a class-action lawsuit from shareholders on the grounds that the Cupertino, Calif.-based firm gave misleading information about the company’s financial condition. Sunil Mathur will take over the firm’s financial responsibilities. He was also named EVP.
Mitch Hill doesn’t buy it anymore. He resigned as CFO of Internet retailer Buy.com Inc. in the midst of the company’s continuing struggle for profitability. Chairman and CEO Greg Hawkins also resigned. Hill will be replaced by Robert Price, who joins the Aliso Viejo, Calif.-base firm from PairGain Technologies Inc.
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