Spotlight: Arco CEO Elected Chairman of Petroleum Group

Los Angeles-based Atlantic Richfield Corp. Chairman and Chief Executive Michael Bowlin was elected chairman of the American Petroleum Institute, the powerful industry trade group. Bowlin will replace Laurance Fuller, Amoco Corp.’s chairman and CEO, as the head of Washington-based API on Jan. 1. Bowlin has been Arco’s chief executive since 1994, and chairman since 1995. He was elected to the API board in 1993 and served as chairman of the budget advisory committee this year.