ANCHORAGE, AK -- February 25, 1997 -- Bob Malone, President and CEO of Alyeska Pipeline Service Company, named two new Senior Vice Presidents who will head offices in Fairbanks and Valdez.

Malone announced today that Lee C. Jones has been selected as Senior Vice President of the Fairbanks Business Unit. In this role, Jones will be responsible for Pipeline Operations. He is a long-time resident of Alaska. Jones attended West Anchorage High School, as well as the University of Alaska in Kenai where he studied Petroleum Technology.

Jones began his career with Alyeska in January of 1978 as a technician on the Pipeline. He has held progressively responsible positions including manager of the Northern Business Unit. During 1996, Jones was recognized for his leadership in integrating the Quality Program into TAPS Operations. Since January of this year, Jones has been on a special assignment with BP Pipelines (Alaska).

Jones will begin his new assignment on March 1, 1997. Jones and his wife, Debby as well as their children Jerrod and Claudia will be relocating from Anchorage to Fairbanks in the near future.

Malone also appointed Bill Newbold as the Senior Vice President of the Valdez Business Unit. The Valdez organization will include the Terminal and the Ship Escort / Response Vessel System (SERVS) operations. Newbold has twenty-nine years of experience in the oil producing / oil servicing industry. Newbold joined Exxon Corporation in December 1967. While with Exxon, Bill's career included such positions as Sales Representative, Financial Analyst, Sales Supervisor, Maintenance Center Manager, and Southeast Operations Zone Manager.

In July 1996 Newbold became an Alyeska employee after having joined Alyeska in September 1993 as the Valdez Terminal Business Unit Leader.

Newbold received his Bachelor of Science degree from East Tennessee State University. Bill will begin his new assignment on March 1, 1997, in Valdez where he currently resides with his wife, Paula. The Newbolds have a daughter, Aubry and two sons, Bill and Christopher.

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