ChevronTexaco Executive To Receive Penn State Alumni Fellow Honors
ChevronTexaco Executive To Receive Penn State Alumni Fellow Honors
UNIVERSITY PARK, PA- Patricia (Pat) Woertz, an executive vice president of ChevronTexaco Corp., has been named an Alumni Fellow by The Smeal College of Business Administration at Penn State. The Alumni Fellow program was conceived in 1973 by the Penn State Alumni Association to honor prominent and outstanding alumni who are leaders in the fields and who have made notable contributions to society and their communities. She will receive her award during a special ceremony to be held at the University Park campus on September 25.
A 1974 graduate of Penn State with a bachelor's degree in accounting, Woertz is responsible for directing the company's worldwide refining, marketing and transportation businesses. Previously, Woertz served as president of Chevron Products Co., Chevron's U.S. refining and fuels marketing company and as a vice president of Chevron Corp., a position she was elected to in 1998. Fortune Magazine ranks her 8th among the 50 "Most Powerful Women in American Business" in its most recent annual compilation.
A native of Pittsburgh, Woertz joined Ernst & Young as a certified public accountant upon her graduation from Penn State. In 1977, she joined Gulf Oil Corp. in Pittsburgh, and held positions in refining and marketing, strategic planning and finance. In 1981, she transferred to Houston to head a U.S. upstream audit group. From 1985 to 1987 during the merger of Gulf and Chevron, she worked on asset divestitures as part of the debt reduction process. In 1989, she became finance manager with Chevron Information Technology Co. In 1991, she was named Chevron Corp.'s strategic planning manager, responsible for evaluating strategies for both the company's planning committee and its management committee, both of which she served as secretary.
In 1992, she was a member of one of five corporate "breakthrough" project teams, and led the team in developing the strategic planning process used by the corporation. Woertz was named president of Chevron Canada Ltd. (CCL) in Oct. 1993. Headquartered in Vancouver, B.C., CCL is a refining and marketing company and a wholly owned subsidiary of Chevron Corp.
She was named president of Chevron International Oil Co. and a vice president of logistics and trading for Chevron Products Co. in January 1996. In this dual position, she was responsible for supply and distribution and worldwide trading. She assumed her current position upon the formation of ChevronTexaco Corp., Oct. 9, 2001.
Woertz serves on the board of directors of the American Petroleum Institute and the California Chamber of Commerce.
Editors: For more information on the award, contact Aimee Hamilton, Director of Alumni Relations for the Smeal College of Business, at 814-865-7830.
REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu.
Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.
