SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): July 22, 1996
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ATLANTIC RICHFIELD COMPANY
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation)
1-1196 23-0371610
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(Commission File Number) (IRS Employer
Identification No.)
515 South Flower Street, Los Angeles, California 90071
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (213) 486-3511
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
Press Release, dated July 22, 1996, announcing management changes
effective immediately.
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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/ ALLAN L. COMSTOCK
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Allan L. Comstock
Vice President and Controller
Dated: July 22, 1996
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ARCO [LOGO] Media Relations
515 South Flower Street
Los Angeles, CA 90071-2201
Telephone 213 486-3385
Facsimile 213 486-0169
FOR IMMEDIATE RELEASE July 22, 1996
MARIE L. KNOWLES SUCCEEDS RONALD J. ARNAULT
AS ARCO EXECUTIVE VP, CHIEF FINANCIAL OFFICER
LOS ANGELES -- ARCO (NYSE: ARC) announced today that
Marie L. Knowles has been elected Executive Vice President
and Chief Financial Officer, succeeding Ronald J. Arnault,
who will retire as an ARCO employee at the end of the year.
The appointment is effective today. Knowles, 49, was also
elected a member of the ARCO Board of Directors.
Until today's election, Knowles had been Senior Vice
President and President of ARCO Transportation Company,
ARCO's marine and pipeline division.
Arnault, 53, continues as a member of ARCO's Board
of Directors, Chairman of the Board of Directors of Vastar
Resources, Inc., and a member of the Board of Directors of
ARCO Chemical Company.
Knowles, a graduate of the University of Southern
California with B.S. and M.S. degrees in Chemical
Engineering and an MBA in Finance, joined ARCO in 1972.
She held a variety of positions of increasing responsibility
in Treasury, Investor Relations, Operations and Strategic
Planning before being named Vice President of Finance,
Planning and Control in ARCO's international division in
1988. She returned to the Corporate staff in 1990 as Vice
President and Controller. She became Senior Vice President
and President of ARCO Transportation Company in 1993.
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"During her 23 years with the company, Marie has
proved that she is a results-oriented leader, skilled in
financial matters, and entrepreneurial in her thinking,"
said ARCO Chairman and Chief Executive Officer Mike R. Bowlin.
"Her knowledge of the oil industry and extensive experience in
key financial and operational roles at ARCO make her an excellent
successor to Ron Arnault, one of the most distinguished
chief financial officers in the industry.
"As a member of the ARCO family since 1969 and as
CFO since 1984, Ron has made significant contributions to
the company and helped position ARCO for future success. We
will miss him and his wise counsel."
Commenting on his retirement, Arnault said: "I've
had a wonderful career at ARCO over the last 27 years.
Recent years have been difficult within the oil industry.
I'd like to try something else while I'm young enough to
make a change."
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For information, contact: (media) Albert Greenstein, (213)
486-3384; (investor relations) Dennis Schiffel (213) 486-1511.
For a menu of ARCO news releases or to retrieve a specific release,
visit the ARCO Website at http//www.arco.com.
