H. Laurance Fuller, former CEO of Amoco, dies at 84

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H. Laurance Fuller, former CEO of Amoco, dies at 84
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Born Harry Laurance Fuller in Moline, Fuller grew up in Park Forest and graduated from Rich Township High School in 1956.

The merger created a giant in the world of energy but also soon resulted in the demise both of the Amoco name as a corporate entity and, for a time, as a brand of fuel stations.During Fuller’s time at the helm of Amoco, he worked to streamline operations and pursue growth initiatives in areas such as overseas markets, chemicals and natural gas.

Fuller signed on with the Standard Oil Co. of Indiana, working first in its research department, then, after getting a law degree from DePaul University, spent time in Indiana Standard’s law department. Fuller took over from Morrow as chairman and CEO of Amoco in early 1991. Fuller assumed the role amid a short-time spike in gasoline prices due to Iraq’s invasion of Kuwait. Once that situation was resolved, Fuller resumed the company’s focus on increasing energy exploration and production, particularly overseas.

Fuller sold off Amoco’s motor club and credit card operations, directed more funding into exploration and development of natural gas fields, continued natural gas exploration in the Caribbean and opened the company’s first oil well in the South China Sea. “I believe that consolidation in our industry has been inevitable, and I am pleased that we will be able to shape our future,” Fuller wrote in a letter to employees.As part of the deal, Fuller became co-chairman of the merged company, BP Amoco, and agreed to retire in 2000. At the December 1998 Amoco shareholder meeting at the Hilton Chicago and Towers, Fuller conceded that the deal would alter the once-prominent role that Amoco had occupied in Chicago’s business community.

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