Rubin Names 1997 U.S. Savings Bonds Volunteer Committee
FOR IMMEDIATE RELEASE
December 12, 1996
Treasury Secretary Robert E. Rubin today named Chevron Chairman and CEO Kenneth T. Derr National Chair of the 1997 U.S. Savings Bonds Volunteer Committee.
“Volunteers are the mainstay of the savings bonds program,” Secretary Rubin said. “Mr. Derr and his committee of top business and government leaders will do much to make our 1997 savings bonds campaign a success. Their work is important because it educates employees about the need to save for the future.”
Series EE savings bonds offer all Americans a safe, convenient way to save. Available for as little as $25, bonds pay market-based interest, enjoy federal tax deferral on earnings and are free from state and local income taxes. Some 55 million Americans own savings bonds worth $187 billion. Seven million individuals buy bonds through the payroll savings plan where they work.
Mr. Derr assumed his present position in 1989 after serving one of the company's two vice-chairmen, responsible for Chevron's U.S. petroleum business, chemicals, coal, land development, research and several major corporate staff groups, such as Human Resources, Public Affairs and Environmental Affairs.
A native of Wilkes-Barre, Pa., Derr joined Chevron after graduating from Cornell University with degrees in mechanical engineering and business administration. He is chairman and a director of the American Petroleum Institute. He is a member of President Clinton's Council on Sustainable Development and served as a member of President Bush's Commission on Environmental Quality.
Mr. Derr succeeds 1996 National Chair James R. Leva, Chairman, President, and Chief Executive Officer of General Public Utilities Corporation (GPU), New Jersey.
A list of members of the 1997 U.S. Savings Bonds Volunteer Committee follows.
1997 U.S. SAVINGS BONDS VOLUNTEER COMMITTEE
* serving a second year
NATIONAL CHAIR Kenneth T. Derr Chairman and CEO Chevron Corporation San Francisco, CA ADVERTISING/PUBLIC RELATIONS *Burt Manning Chairman and CEO J. Walter Thompson Co. Worldwide New York, NY AEROSPACE Michael M. Sears President Douglas Aircraft Corporation/McDonnell Douglas Corporation Long Beach, CA AUTOMOTIVE Alexander J. Trotman President and CEO Ford Motor Company Dearborn, MI BANKING *Lawrence K. Fish Chairman, President and CEO Citizens Financial Group Providence, RI CHEMICALS William H. Joyce Chairman, President and CEO Union Carbide Corporation Danbury, CT CITY GOVERNMENT The Honorable Willie Brown Mayor City of San Francisco San Francisco, CA COUNTY GOVERNMENT The Honorable Chris Hart Hillsborough County Board of County Commissions Tampa, FL ELECTRICAL EQUIPMENT *Robert J. O'Toole Chairman, President and CEO A.O. Smith Corporation Milwaukee, WI ELECTRONICS Victor A. DeMarines President and CEO The MITRE Corporation Bedford, MA 01730 ENTERTAINMENT *Sherry Lansing Chairman and CEO Paramount Pictures Corp. Hollywood, CA FINANCIAL SERVICES *Muriel Siebert President and Chairwoman Muriel Siebert & Co. New York, NY GLASS & BUILDING MANUFACTURING Roger G. Ackerman Chairman and CEO Corning Incorporated Corning, NY HEALTH SERVICES *Lois Jean Moore President and CEO Harris County Hospital District Houston, TX HIGHER EDUCATION *Dr. William H. Cunningham Chancellor The University of Texas System Austin, TX INDUSTRIAL MANUFACTURING Richard L. Bready Chairman and CEO Nortek, Inc. Providence, RI INSURANCE *Edward B. Rust, Jr. President and CEO State Farm Insurance Companies Bloomington, IL LABOR John P. Sweeney President American Federation of Labor Congress of Industrial Organization Washington, DC PETROLEUM, COAL & REFINING Peter I. Bijur Chairman and CEO Texaco Corporation White Plains, NY PUBLIC TRANSPORTATION Patrick J. Moynihan General Manager Massachusetts Bay Transportation Authority Boston, MA RETAIL FOODS *Ronald E. Johnson Chairman, President and CEO Kash N'Karry Food Stores, Inc. Tampa, FL SCHOOLS *David E. Sawyer Superintendent Brevard County Board of Education Viera, FL 32940 STATE GOVERNMENT The Honorable Lincoln Almond Governor State of Rhode Island Providence, RI SURFACE TRANSPORTATION Thomas M. Downs Chairman and President Amtrak Washington, DC STEEL Paul J. Wilhelm President US Steel Group Pittsburgh, PA TEXTILE AND APPARELS *John C. Adams Chairman, President and CEO Russell Corporation Alexander City, AL UTILITIES *John W. Rowe President and CEO New England Electric System Westboro, MA ATLANTA Ronald W. Allen Chairman and CEO Delta Air Lines, Inc. Atlanta, GA BALTIMORE *Ivan M. Stern Chairman, President and CEO Allied Signal Technical Services Columbia, MD BOSTON John P. Hamill President Fleet Bank of Massachusetts, N.A. Boston, MA CINCINNATI William R. Burleigh President and CEO The E.W. Scripps Company Cincinnati, OH CLEVELAND George S. Brookes President Huntington Bank, Northern Ohio Region Cleveland, OH COLUMBUS William J. Lhota Executive Vice President American Electric Power Columbus, OH DALLAS William E. McCarthy President of Catalogue, Distribution and Non-Resale Purchasing J. C. Penney Company, Inc. Plano, TX DENVER Richard McCormick Chairman and CEO U.S. West, Inc. Englewood, CO DETROIT *Anthony F. Earley, Jr. President and CEO Detroit Edison Company Detroit, MI HOUSTON Lois Jean Moore President and CEO Harris County Hospital District Houston, TX LOS ANGELES John M. Leonis Chief Executive Officer Litton Industries Woodland Hills, CA MIAMI *Dr. Richard H. Hinds Assistant Superintendent of Schools Dade County Public Schools Miami, FL NEW JERSEY *Dennis Baldassari President GPU Energy Reading, PA NEW YORK *Frank A. Bennack, Jr. President and CEO The Hearst Corporation New York, NY PHOENIX *Markos Tambakeras President, Industrial Automation & Control Honeywell Inc. Phoenix, AZ PHILADELPHIA James J. Morris Vice President and General Manager Boeing Defense and Space Group/Helicopters Division Philadelphia, PA PITTSBURGH Thomas W. Golonski President National City Bank of Pennsylvania Pittsburgh, PA PORTLAND Gerry B. Cameron Chairman and CEO U. S. Bancorp Portland, OR ST. LOUIS *Nicholas L. Reding Vice Chairman Monsanto Company St. Louis, MO SEATTLE Phyllis J. Campbell President and CEO U.S. Bank of Washington Seattle, WA WASHINGTON, DC Philip A. Odeen President and CEO BDM International, Inc. McLean, VA