Occidental Petroleum Corporation (NYSE:OXY) announced today that its
Board of Directors elected Eugene L. Batchelder non-executive Chairman,
succeeding Ambassador Edward P. Djerejian, who has retired from the
Board.
Mr. Batchelder, 67, joined the Board as an independent director in 2013,
and has been serving as a member of the Audit; Environment, Health and
Safety; and Management Succession and Talent Development committees. He
has more than 40 years of experience in the energy industry, including
two decades in senior management, most recently at ConocoPhillips, where
he served until his retirement in 2012.
“Gene’s energy industry experience and in-depth knowledge of key
corporate issues, including financial management, succession planning,
and compensation and benefits will benefit Occidental and our
shareholders. I look forward to continuing to work with Gene and the
full Board in the coming year,” said Stephen I. Chazen, President and
Chief Executive Officer.
“I join the Board in extending our deepest appreciation to Ed for two
decades of dedicated service to Occidental. It has been a great
privilege to work with him. Ed’s leadership during the past two years as
Chairman and counsel during his tenure on the Board have been invaluable
in creating shareholder value and positioning the company for future
success,” said Mr. Chazen.
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.
Copyright Business Wire 2015