Occidental Petroleum Names Vicki A. Hollub Chief Executive Officer
30 April 2016 - 12:58AM
Business Wire
Occidental Petroleum Corporation (NYSE: OXY) announced today
that its Board of Directors has named Vicki A. Hollub the company’s
President and Chief Executive Officer, completing the previously
disclosed succession plan. Ms. Hollub succeeds Stephen I. Chazen,
who stepped down as CEO following the company’s annual shareholder
meeting. Ms. Hollub was elected to the Board of Directors in
December 2015.
“Vicki is a proven and respected leader with extensive knowledge
and command of Occidental’s business, and she has the strategic
vision necessary to make Occidental the top performing and safest
company in our industry. The Board looks forward to working with
Vicki in her new role to enhance value for our shareholders,” said
Eugene L. Batchelder, Chairman of the Board.
“We are also grateful for the leadership and vision Steve Chazen
has provided Occidental as CEO and a member of the senior
management team for the past two decades, and are pleased that he
will remain on the Board. Steve has led the transformation of
Occidental into a more focused company with a strong balance sheet,
making it a formidable industry competitor,” Mr. Batchelder
said.
Ms. Hollub has been an employee of Occidental since 1982, and
most recently served as President and Chief Operating Officer.
Prior to that, Ms. Hollub was Senior Executive Vice President of
Occidental and President – Oxy Oil and Gas, Executive Vice
President and President – Oxy Oil and Gas, Americas, and Vice
President of Occidental and Executive Vice President, U.S.
Operations, Oxy Oil and Gas. She previously served as Executive
Vice President, California Operations; and President and General
Manager, Permian Basin operations. Ms. Hollub began her career in
1981 with Cities Services, which was acquired a year later by
Occidental.
About Occidental
Petroleum
Occidental Petroleum Corporation is an international oil and gas
exploration and production company with operations in the United
States, Middle East region and Latin America. Headquartered in
Houston, Occidental is one of the largest U.S. oil and gas
companies, based on equity market capitalization. Occidental’s
midstream and marketing segment gathers, processes, transports,
stores, purchases and markets hydrocarbons and other commodities.
The company’s wholly owned subsidiary OxyChem manufactures and
markets basic chemicals and vinyls.
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Occidental Petroleum CorporationMedia:Melissa E.
Schoeb713-366-5615melissa_schoeb@oxy.comorInvestors:Christopher M.
Degner212-603-8111christopher_degner@oxy.comOn the web:
www.oxy.com
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