Occidental Petroleum Promotes Vicki A. Hollub to President & COO, Names her to the Board, & Announces Appointment to CEO Set ...
December 10 2015 - 10:56AM
Business Wire
Occidental Petroleum Corporation (NYSE: OXY) announced today
that its Board of Directors has promoted Vicki A. Hollub to
President and Chief Operating Officer and appointed her to the
Board. As part of the previously disclosed succession plan, the
Board also announced that Ms. Hollub will succeed Stephen I. Chazen
as Occidental’s Chief Executive Officer effective at the company’s
2016 annual shareholder meeting. She was appointed Senior Executive
Vice President of Occidental and President – Oxy Oil and Gas,
earlier this year.
“The Board selected Vicki following a thorough succession
planning process. She is a proven leader who has demonstrated
success at every level during her 35 years with Occidental. She has
the full trust and confidence of the Board, and we look forward to
working with her to continue to build value for Occidental’s
shareholders,” said Eugene L. Batchelder, Chairman of Occidental’s
Board of Directors.
“Vicki has an outstanding track record of efficiently and
profitably growing our oil and gas business that will serve her
well as Occidental’s chief executive. Her extensive operational and
leadership experience make her the right person to lead our
organization today and to meet the challenges facing our industry
going forward,” said Mr. Chazen.
“I am proud and honored to be given the responsibility by
Occidental’s Board of Directors to lead this great company.
Occidental has a terrific portfolio of assets with top-notch
people. I will work tirelessly to earn and keep the respect of our
employees, investors and other stakeholders as we strive to be the
best company in our industry,” said Ms. Hollub.
Occidental’s Board of Directors also announced that Mr. Chazen
will be nominated to the Board for an additional term following his
service as the company’s CEO.
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 in
support of Occidental’s businesses. The company’s wholly owned
subsidiary OxyChem manufactures and markets chlor-alkali products
and vinyls.
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version on businesswire.com: http://www.businesswire.com/news/home/20151210005941/en/
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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