SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 8-K
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Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 28, 1994
ATLANTIC RICHFIELD COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-1196 23-0371610
(Commission File Number) (IRS Employer
Identification No.)
515 South Flower Street, Los Angeles, California 90071
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (213) 486-3511
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
Press Release, dated March 28, 1994, announcing the election
of Mike R. Bowlin as ARCO's Chief Executive Officer, effective
July 1, 1994, and Lodwrick M. Cook will remain as Chairman of
the Board of Directors until his retirement in June 1995, as
previously announced.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
ATLANTIC RICHFIELD COMPANY
/s/HOWARD L. EDWARDS
___________________________
Howard L. Edwards
Corporate Secretary
Dated: March 28, 1994
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ARCO [LOGO] Public Affairs N E W S
515 South Flower Street
Mailing Address: Box 2679-T.A.
Los Angeles, California 90051
Telephone 213 486 3511
For Release
IMMEDIATELY March 28, 1994
ARCO PRESIDENT M. R. BOWLIN TO SUCCEED
L. M. COOK AS CHIEF EXECUTIVE OFFICER ON JULY 1;
COOK REMAINS CHAIRMAN OF BOARD OF DIRECTORS
LOS ANGELES -- The election of ARCO President Mike R.
Bowlin to succeed Lodwrick M. Cook as ARCO's Chief Executive
Officer, effective July 1, was announced today following a
meeting of ARCO's board of directors.
Cook, 65, will remain Chairman of the board of directors
until his retirement in June 1995, as previously announced.
Cook has been ARCO's CEO since Oct. 15, 1985 and Chairman
since Jan. 1, 1986.
Bowlin, 51, has been ARCO's President and Chief
Operating Officer since June 1, 1993. He will retain both
titles when he becomes CEO.
In a statement following the board meeting, Cook
described the move as part of the orderly transition
envisioned by ARCO's directors when they asked him to remain
for two years beyond his expected retirement last June when
he turned 65.
"This transition period has enabled Mike to make
important and constructive contributions to our long-term
strategies. Despite the current turmoil in the world's crude
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oil markets, ARCO remains confident in the viability of these
strategies which Mike and his team will implement.
"On a personal note, these nine years as CEO have been
the most exciting and rewarding of my life. I am proud of
all we have accomplished for our shareholders and employees.
I hope to continue contributing to ARCO's success during my
remaining period as Chairman."
Bowlin said that under Cook's leadership ARCO has
significantly expanded its international operations,
pioneered the introduction of low-emission, cleaner-burning
fuels, and reorganized for greater efficiency and
profitability. "Lod has also been the consummate corporate
citizen, involving himself and the company in the life of
communities where ARCO has a presence," said Bowlin. "He
leaves a unique legacy."
Bowlin, a native of Amarillo, Texas and graduate of the
University of North Texas where he received BA and MBA
degrees, joined ARCO in 1969 as a personnel representative.
He went on to hold a number of human resource and
administrative management positions.
In 1985 he was appointed President of ARCO Coal Company.
In 1987 he became Senior Vice President for International Oil
and Gas Acquisitions, then President of ARCO International
Oil and Gas Company. In 1992 he was elected Executive Vice
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President of ARCO. A year later he became President and
Chief Operating Officer.
Cook joined ARCO in 1956 as an engineer trainee. He
went on to hold management positions in labor relations,
refining and marketing, planning, supply and transportation.
While President of ARCO Transportation Company, he also
served as Chairman of the Owners' Committee of the Trans
Alaska Pipeline System.
During the 1980s he held a number of senior positions
related to the company's downsizing and restructuring. In
October 1985 he was elected ARCO President and Chief
Executive Officer, succeeding William F. Kieschnick. Three
months later he succeeded Robert O. Anderson as Chairman.
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For information, contact: Albert Greenstein (213) 486-3384
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