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Pennzoil-Quaker State Company Announces Corporate Officer Retirement

9 November 1999

Pennzoil-Quaker State Company Announces Corporate Officer Retirement

    HOUSTON, Nov. 9 -- Pennzoil-Quaker State Company
today announced that David P. Alderson II, Group Vice President and Chief
Financial Officer, has decided to retire from the company after a twenty-one
year career culminating in the successful restructuring of Pennzoil Company.
    Alderson joined Pennzoil Company in 1978, where he rose to Group Vice
President - Finance and Accounting.  He has served as one of the top four
executives of Pennzoil-Quaker State Company since its creation at the end of
1998, and has been responsible for corporate finance, accounting, corporate
communications, treasury, tax and information technology.
    Pennzoil-Quaker State Company was created on December 30, 1998 when the
marketing, fast lube and manufacturing operations of Pennzoil Company were
spun off and immediately merged with Quaker State Corporation, the second
largest domestic marketer of motor oil and a leading marketer of automotive
consumer products.
    James L. Pate, Chairman and Chief Executive Officer of Pennzoil-Quaker
State Company, said, "Throughout his twenty-one year Pennzoil career, Dave
Alderson has proven himself to be an effective and creative leader.  He has
been an important member of the top management team for the past ten years,
and I appreciate his many contributions to Pennzoil Company and Pennzoil-
Quaker State Company.  We all wish him continued success in his future
endeavors."