Terry Savage.

• Author: Alioto, Maryann
• Position: Television personality is Pennzoil's first female corporate director

An Emmy award-winning television personality and best-selling author joins Pennzoil's board.

In all probability, Terry Savage, a nationally recognized personal finance authority, may be the only female television personality serving on the board of a major U.S. oil and gas company. She joined the board of Pennzoil Corp. in September 1998, becoming its first female director.

While Savage may be an unusual choice for Pennzoil's board, she brings much more than just the aura of a media celebrity. She is "in the know" when it comes to dealing with money.

Savage began her career as a stockbroker. In 1973 she became a founding member and the first woman trader on the Chicago Board Options Exchange. She was also a member of the Chicago Mercantile Exchange's International Monetary Market where she traded interest rate contracts and currency futures.

She appeared daily for 12 years on the CBS television station in Chicago, where she presented the day's business and financial news. Savage was host of "Money Talks," a daily financial interview program. She is the recipient of numerous awards, including an Emmy for her hour-long special, "Money - It Doesn't Grow on Trees."

Not only has Savage appeared many times on "Oprah!," but she is also a regular business commentator on PBS's "Nightly Business Report" and is often featured as a guest expert on CNN, MacNeil-Lehrer, and other programs.

Author of two best selling-books - Terry Savage's New Money Strategies for the '90s and Terry Savage Talks Money - she also writes a weekly syndicated column on personal finance for the Chicago Sun-Times, and is the personal finance expert for Barrons Online.

Savage is no rookie director. She served on McDonald's Corp.'s board for nine years, and spent three years as a director of Broadway Stores Inc. (acquired in 1995 by Federated Department Stores).

Savage tells DIRECTORS & BOARDS that the Pennzoil's board appointment gives her an opportunity to learn about the oil and gas industry, and that she is keeping busy doing homework to learn more about the business. Also appealing to Savage is the direction Pennzoil is undertaking to create shareholder value. Many changes have taken place at Pennzoil since it was the target of a hostile takeover attempt a year ago, she notes. She points to the pending merger of Pennzoil's specialty-automotive business - including Jiffy Lube, with 1,500 outlets, the nation's leader in providing automotive oil replacement services - with...