A trustee emeritus since 1989 and trustee since 1973, DeCrane is co-chairman emeritus and a member of the Board of Directors and of the Executive Committee of the U.S.-Saudi Arabian Business Council. He is the retired chairman and CEO of Texaco Inc. He serves on the Advisory Board of Boardroom Consultants. DeCrane is a former member of the Board of Directors of Bestfoods, Birmingham Steel, CIGNA Corporation, Corn Products International, Dean/Witter Discover, Harris Corporation, and the Morgan Stanley International Advisory Board. He is also a graduate of the University of Notre Dame (BA ’53) and Georgetown University (JD ’59) and is an emeritus trustee of the University of Notre Dame. DeCrane received an honorary degree from Manhattanville College.