James W. Kinnear
Mr. James W. Kinnear has established two annual endowed academic
stipends known as the Kinnear Professor of Chemistry and the Kinnear Professor
of Physics. These stipends provide summer research salary support
for up to two faculty members selected from the USNA Chemistry and Physics
James W. Kinnear, Director and former President and Chief Executive
Office of Texaco,
Inc., was born in Pittsburgh, PA., on March 21, 1928. He attended
St. Paul’s School in
Concord, N.H., and graduated with distinction from the United States
Naval Academy in
1950 with a Bachelor of Science degree.
During the Korean War, Kinnear was awarded seven engagement stars and
Commendation Medal for leading a life-saving detail. In 1954,
following his service in the war, Kinnear joined Texaco’s marketing organization
and subsequently held sales positions in Puerto Rico, Jamaica and Hawaii.
He was named Division Sale Manager in Los Angeles in 1963, and was transferred
to New York as Assistant to the Vice Chairman the following year.
In 1965, he was appointed Assistant of the Chairman and General Manager
of the Marine Department.
Kinnear was elected Vice President in charge of Supply and Distribution
in 1966 and
Senior Vice President for Strategic Planning in 1970. He was
named Senior Vice President for Worldwide Refining, Petrochemicals, and
Supply and Distribution in 1971, and the following year Kinnear was appointed
Senior Vice President for Worldwide Marketing, with responsibilities for
the International Marine and Petrochemicals Division. In 1976, Kinnear
was given responsibility for coordinating international marine and aviation
sales, the Petrochemical Department, the Marine Department and Marketing
and Refining in Europe.
In 1977 Kinnear was elected a member of Texaco’s Board of Directors,
and in 1978 he
was elected Executive Vice President and named to the Board’s Executive
Kinnear was named President of Texaco, U.S.A., located in Houston, TX,
Texaco, U.S.A. is involved in all exploration, producing, refining,
transportation and marketing in the United States. In October 1986,
Kinnear was elected by the Board of Directors to serve as President and
Chief Executive Officer of Texaco, Inc., effective January 1, 1987.
In April of 1987, Texaco was forced to file for Chapter 11 bankruptcy
protection after a
Texas jury ordered the company to pay $10.53 billion to Penzoil Company
to settle a dispute involving Texaco’s purchase of Getty Oil Company in
January 1984. Texaco settled the dispute for $3 billion on April7,
1988, and emerged from Chapter 11 bankruptcy on the same day.
Under Kinnear’s leadership during this time, Texaco underwent a massive
including asset sales and formation of the Star Enterprise joint venture
partnership with Saudi Arabian Oil Company and generating proceeds of more
than $7 billion and special dividends of $2 billion. At the same
time, Kinnear successfully led the company through a takeover attempt and
a proxy fight.
Analysts credit Kinnear with Texaco’s smooth transition form
the most tumultuous
period in its history to becoming a focused, innovative force and a
leading competitor in the
petroleum industry. During his six-year tenure as head of the
company, Texaco added nearly $2 to th value of its proven reserves for
every dollar spent on exploration and development, the best record among
the major oil companies during the period, and a major reason for Texaco’s
improved stature on Wall Street.
Central to the company’s recovery was Kinnear’s focus on innovation
and technology in
the oilfields and in the laboratories. In 1992, the U.S. Patent
Office awarded Kinnear two patents for his work on an automobile catalytic
converted pre-heating system. Kinnear’s invention solved the “cold
start” problem by allowing the driver to pre-heat the catalytic converter,
eliminating a large amount of pollution that normally occurs in the first
minute of engine start-up before the converter is sufficiently heated to
perform its function.
After shaping a leaner, more profitable Texaco, Kinnear retired form
the company as
President and Chief Executive Officer on April 1, 1993.
Kinnear is a member of the Board of Trustees of St. Paul’s
School in Concord, N.H., the
Board of Overseers of Memorial Sloan-Kettering Cancer Center and the
Board of Managers of the New York Botanical Garden. He is a Director
of Corning Incorporated, ASARCO Incorporated, the American Petroleum Institute
and the Metropolitan Opera Association. He also is a member of the
Business Council of New York State and Chairman of its affiliate, the Public
Policy Institute, and a member of the Advisory Board of Directorship.
Additionally, Kinnear is a member of The Business Council.
Kinnear has received numerous honors and awards, both as an individual
and as the CEO
of Texaco. In 1990, he accepted the National Medal of Art from
President George Bush,
honoring Texaco’s half-century of sponsoring radio broadcasts of the
Metropolitan Opera. On December 3, 1992, Kinnear was honored by government
officials, employees and residents of Port Arthur, TX, with “Jim Kinnear
Day”. His is listed in Who’s Who in the World, Who’s Who
in America, and Who’s Who in Finance and Industry.
Last updated 30 July 2001
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