суббота, 25 февраля 2012 г.

NEW MAPCO ORGANIZATION TO SUPPORT NEW STRATEGY

TULSA, Okla., July 24 /PRNewswire/ -- MAPCO Inc. (NYSE: MDA) today announced a new organization structure designed to support implementation of the Company's new strategy of "Growth Through Targeted Market Leadership." Effective August 1, the new organization will eliminate the operating segment structure and create a new Executive Office which will oversee the MAPCO enterprise.

James E. Barnes, Chairman, President and Chief Executive Officer of MAPCO Inc., said, "Our new Executive Office structure will focus our energies on our business operations and facilitate the enterprise-wide implementation of our strategy to become the leading marketer of products and services in targeted energy markets worldwide."

In addition to Mr. Barnes, the new Executive Office will include Robert G. Sachse, who will be promoted to the position of Executive Vice President and Chief Operating Officer, and Philip W. Baxter, who will be promoted to Executive Vice President and Chief Financial Officer. All MAPCO business operations will report to Mr. Sachse and all financial, information technology and strategic planning services will continue to report to Mr. Baxter. Jack D. Maynard, Senior Vice President - Human Resources and Administration, and David W. Bowman, Senior Vice President - Legal, will report to the Executive Office. W. Jeffrey Hart, Senior Vice President Petroleum, will retire as of November 1, 1996.

MAPCO Inc., a diverse energy company, is the fourth largest retail propane marketer in the United States and also markets petroleum products and other merchandise through a network of convenience stores and interstate travel centers. In addition to operating refineries in Tennessee and Alaska, it is one of North America's largest operators of natural gas liquids and ammonia pipelines. It also operates fractionation and storage facilities and produces and markets natural gas liquids.

MAPCO press releases are also available through the Internet: http://www.mapcoinc.com.

     -0-                        7/24/96 

/CONTACT: Rick J. Neal, Vice President, Corporate Affairs, 918-599-3650, or Don R. Wellendorf, Vice President, Treasurer And Investor Relations, 918-581-1503, both of MAPCO/

(MDA)

CO: MAPCO Inc. ST: Oklahoma IN: OIL SU: PER

EQ-MO -- LAW080 -- 3240 07/24/96 18:50 EDT

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