HOUSTON, Oct. 20 /PRNewswire/ -- Marathon Oil Company today announced that Carl P. Giardini, executive vice president, exploration and production, has elected to retire November 1, 1999, after completing more than 42 years of service. William F. Madison, senior vice president, worldwide production, will coordinate Giardini's former responsibilities during an interim period of transition. "Carl's been instrumental to the transformation of Marathon's upstream operations, to the extent they now reach to many parts of the globe," said Vic Beghini, Marathon president. "He's been a critical resource in all of Marathon's major successes throughout the world - from the Gulf of Mexico to the North Sea, Canada, Russia and West Africa. Carl's vision and determination has helped us build a foundation for growth that will carry this Company well into the next century. Within the upstream industry, he's a recognized leader in advancing technology to improve the recovery of existing reserves while reducing the risk of finding and developing new reserves. It's a career characterized by considerable and lasting achievement." Giardini, a native of Bradford, Pennsylvania, earned a bachelor of science degree in petroleum and natural gas engineering from Pennsylvania State University in 1957, and joined Marathon that same year. He next served in various engineering and managerial positions in Michigan, Illinois, Indiana, Alaska and Wyoming, and was named manager of engineering for Marathon International Oil Company in 1977. Giardini was appointed coordinating manager of Europe-Africa operations in 1978, and two years later was named commercial manager for the Marathon-operated Brae complex in the United Kingdom North Sea. In 1982, he was made project manager of the Brae "B" development and in 1984, assumed the position of manager, Brae projects. Giardini became president of Marathon Oil U.K., Ltd., in 1985, and the following year was elected vice president, domestic production for Marathon Oil Company. Giardini was named senior vice president, worldwide production, in 1987, and to his present position in 1991. Giardini is a member of the Society of Petroleum Engineers, the Independent Petroleum Association of America, the Mid-Continent Oil and Gas Association, and the board of directors of the American Petroleum Institute (API). Giardini served as chairman of API's general committee on exploration and production during 1995-96. He was honored by Pennsylvania State University's College of Earth and Mineral Sciences with its Distinguished Alumni Fellow Award in 1995. Marathon Oil Company is a part of the USX-Marathon Group (NYSE: MRO), a unit of USX Corporation. Visit the company's website located at www.marathon.com or www.usx.com.
SOURCE Marathon Oil Company