The cyclical nature of the oil business has blossomed into full bloom during the latter part of 2000, as a host of political power plays have sent oil prices on a virtual rollercoaster, albeit mostly up, helping to send it soaring as high as $37/barrel at the time of this writing.
The board of directors of Lykes Bros. Steamship Co., Inc., and Lykes Lines Agency, Inc., have elected four new vice presidents, effective January 1, it was announced by Joseph T. Lykes Jr., chairman of the board of each of the companies. Newly elected were: Barton W.
Clifton C. Garvin Jr., retired board chairman and chief executive officer of Exxon Corporation, will receive the highest award of the American Petroleum Institute, the Gold Medal for Distinguished Achievement, at the API annual meeting in Houston, Texas, November 17-19.
Part of the curse of corporate consolidation comes in the combining of or complete re-naming of the new entity. The quandary: maintaining critical market awareness of individual brands while adequately communicating the entirety of the new organization's capabilities.
Kvaerner, the Norwegian shipbuilding and engineering group and the Finnish ship equipment m a n u f a c t u r i n g c o m p a n y Oy Navire AB, Parainen, have recently announced the intent to merge. When joined with Kvaerner Brug equipment company,
A five-man Executive Committee has been appointed by Brown & Root's Board of Directors to manage all phases of the company's operations on an interim basis. The announcement was made following the January 23, 1977, death of Foster Parker, president of Brown & Root,
Several key executive appointments have been made by Crowley Maritime Corporation's Caribbean Division in order to further strengthen its organization, according to a recent announcement by Robert G. Homan, senior vice president and general manager of the division.