Occidental Petroleum Promotes Vicki A. Hollub to President and COO, Names her to the Board, and Announces Appointment to CEO Set for 2016 Annual Meeting
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.
“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
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
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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Copyright Business Wire 2015
Source: Business Wire
(December 10, 2015 - 10:56 AM EST)
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