Norwalk, Conn. (July 15, 2003) -- Former Texaco Inc. comptroller George Batavick has been picked to serve as a member of the Financial Accounting Standards Board for the next five years, the Financial Accounting Foundation announced Monday.

Batavick succeeds former Compaq Computer Corp. VP and treasurer John Foster. During his 27-year career at Texaco, Batavick had company-wide responsibility for strategy and policy, covering all aspects of accounting and financial reporting.

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