ARCO [LOGO] Media Relations N E W S
515 South Flower Street
Los Angeles CA 90071-2201
Telephone 213 486 3385
Facsimile 213 486-0169
FOR IMMEDIATE RELEASE Sept. 26, 1994
ARCO EXECUTIVE VP JAMES A. MIDDLETON TO RETIRE;
ANTHONY G. FERNANDES ELECTED EXECUTIVE VP;
STEPHEN R. MUT APPOINTED COAL COMPANY PRESIDENT
LOS ANGELES -- ARCO Executive Vice President James A.
Middleton has elected to retire, ending a 35-year career
that spanned almost every aspect of ARCO's operations, it
was announced today by ARCO President and Chief Executive
Officer Mike R. Bowlin.
Middleton, 58, will be succeeded by Anthony G.
Fernandes, 49, previously ARCO Senior Vice President and
President of ARCO Coal Company. At today's meeting of
ARCO's Board of Directors, Fernandes was elected Executive
Vice President and member of the Board.
In his new assignment which takes effect immediately,
Fernandes has responsibility for ARCO Products Company, ARCO
Transportation Company, ARCO Coal Company and ARCO Aluminum.
Middleton joined ARCO in 1959 as an engineering
trainee following graduation from Rice University. He went
on to hold a variety of key positions, including head of
Corporate Planning, Project Manager of Prudhoe Bay
Facilities, President of ARCO Coal Company, and President
of ARCO Oil and Gas Company.
Page 2
He was elected Executive Vice President and member of
the Board of Directors in 1987.
"It is impossible to list all of Jim's valued
accomplishments in one announcement, but if I had to single
out an event that earned him a place in ARCO history it was
his work as Project Manager at Prudhoe Bay in Alaska during
the 1970s," said Bowlin. "Jim's perseverence, diligence
and risk-taking allowed ARCO to complete the 1975 summer
sealift against substantial odds, leading to a timely
startup of the Prudhoe Bay oil field and significant
financial benefit to the company.
"I speak for all who have had the privilege of working
with Jim when I say he will be deeply missed."
Fernandes began his ARCO career in 1968 as a Planning
Analyst following graduation from Cornell University and
graduate work at Columbia University where he received an
MBA in Finance.
He has held positions in four ARCO operating
divisions -- ARCO Oil and Gas Company, Anaconda Company,
ARCO Products Company and ARCO Coal Company -- and served
three years as ARCO Vice President and Controller. He
became ARCO Senior Vice President and President of ARCO
Coal Company in 1990.
Page 3
Succeeding Fernandes as President of ARCO Coal Company
is Stephen R. Mut, 43, who today was elected ARCO Senior
Vice President. Mut's previous assignment was Senior Vice
President of Operations for ARCO International Oil and Gas
Company (AIOGC).
A graduate of Rice University with a masters degree in
Environmental Engineering, Mut began his ARCO career in
1974 as an engineer at the ARCO refinery in Houston. He
went on serve in managerial positions with ARCO Products
Company and then with ARCO Oil and Gas Company.
In 1989, he moved to AIOGC where he served as Managing
Director of ARCO British Ltd., then Senior Vice President
of Operations with responsibility for Australia, Asia and
the Americas.
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For information, contact: Albert Greenstein (213) 486-3384