A Global Research Center for Strategic Supply Management

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FOR IMMEDIATE RELEASE

Chevron Chief Procurement Officer Elected to CAPS Research Board of Trustees

(TEMPE, Arizona) October 30, 2008 – The CAPS Research Board of Trustees has elected Leo Lonergan, Chief Procurement Officer for Chevron Corporation, to serve as a Trustee. Lonergan directs global procurement activities including category and contract management, and procurement operations at Chevron, one of the world's leading energy companies.

With his broad-based international experience, strong leadership and commercial skills, Lonergan delivers high-value procurement services throughout the company. Lonergan directs supply-chain management activities for all Chevron goods and services worldwide, which involves annual spending of approximately $40 billion. Additionally, he is responsible for supporting Chevron's operating companies in delivering sustainable cost management for capital and operating expenses, while strengthening safety, reliability and total cost of ownership.

Lonergan has held positions of increasing responsibility in supply, logistics and trading in several international locations during his career. He led Chevron's relationships with key refining and marketing affiliates, including the acquisition of an additional interest in Singapore Refining Co. and held the title of VP, Joint Ventures and New Business Development, Global Downstream Operations at Chevron until 2005. Lonergan's appointment as Chief Procurement Officer at Chevron was effective Feb. 16, 2005.

CAPS Research is a globally recognized supply management research organization affiliated with the W. P. Carey School of Business at Arizona State University, and the Institute for Supply Managementâ„¢ (ISM). The Board of Trustees is responsible for setting overall operating policies and procedures, and establishing key research programs.

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About CAPS Research www.capsresearch.org:

CAPS Research is a nonprofit research organization founded in 1986 to provide leading research to our strategic-minded corporate sponsors and to the public. Our mission is to work in partnership with a global network of executives and academics for the discovery and dissemination of strategic supply management knowledge and best practices. CAPS Research is jointly sponsored by the W. P. Carey School of Business at Arizona State University, the Institute for Supply Management™ and over 145 Global 1000/Fortune 500-size organizations.

Media Contact:
Clare Donnalley
CAPS Research
Marketing Manager
800-888-6276 extension 3007
Email: cdonnalley@capsresearch.org

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