Word: garvin
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Dates: during 1970-1979
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...Glenn Garvin, Staff Writer...
...Jamieson's successor as chair man and chief executive officer will be Exxon's current president, Clifton Garvin, 53, a forceful if taciturn Virginia-born engineer who rose through the corporate ranks via the company's burgeoning chemical operations. The new president: Howard C. Kauffmann, 52, a senior vice president (one of five), who has been running Exxon's operations in Europe and Latin America for most of the past ten years. One Exxon executive, who knows them both, describes them as "cast in the same mold-hard businessmen, not extraverted, used to tough decisions." More...
...Garvin's corporate background is in transport, refining and marketing as well as chemicals-areas of the business that are increasingly important to Exxon now that governments in the Middle East and Latin America are squeezing the profits out of petroleum production. Garvin was marked as a comer at Exxon in the early 1960s. In 1965 he took over the company's chemical operations and helped turn them into the fastest-growing part of Exxon's business...
Hard Time. Elevated to Exxon's presidency in 1972, Garvin worked closely with Jamieson, who entrusted him with the negotiations for Saudi Arabia's still-pending takeover of Aramco, the four-company consortium of which Exxon is a major partner. As chairman, Garvin will have a hard time matching 1974's huge profits gains...
...Todd J. Garvin '76, a 29 Garden St. resident affiliated with South House, said he is "not shocked at all" by the decision. "It's no real surprise because we had been more or less informed about it months ago," he said...