Marathon Announces Retirement of Executive Vice President

Oct 20, 1999, 01:00 ET from Marathon Oil Company

    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
     William F. Madison, senior vice president, worldwide production, will
 coordinate Giardini's former responsibilities during an interim period of
     "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 or

SOURCE Marathon Oil Company