ENERGY

Texaco’s Kinnear Announces Retirement: The White Plains, N.Y.-based oil company announced that company President and Chief Executive James Kinnear will retire on April 1 and turn his duties as chief executive over to Chairman Alfred DeCrane. Texaco directors are expected to name a new company president at a later date. Kinnear steps down after 38 years upon reaching the mandatory retirement age of 65. He was elected to Texaco’s board in 1977, rose to president of the Texaco U.S.A. division five years later and became company president-CEO on Jan. 1, 1987.