Occidental
Petroleum Corporation (NYSE:OXY) announced today that its board of
directors has approved a CEO succession plan and promoted Vicki A.
Hollub to Senior Executive Vice President of Occidental and President –
Oxy Oil and Gas, responsible for operations in the United States, Middle
East region and Latin America. The board plans for Ms. Hollub, who has
served as Executive Vice President of Occidental and President, Oxy Oil
and Gas – Americas, since 2014, to succeed Stephen I. Chazen as CEO of
Occidental after a thorough transition period.
“The board and I congratulate Vicki on her well-deserved promotion.
After a thoughtful succession review, the board selected Vicki based on
her strong track record of successfully growing our domestic oil and gas
business profitably and efficiently,” said Mr. Chazen, President and
Chief Executive Officer. “I look forward to working with her to prepare
her for the CEO role and to stepping aside when she is ready to take it
on.”
“I am excited about the opportunity to work with Steve in preparation to
lead this great company,” said Ms. Hollub. “I have enjoyed an incredibly
rewarding career with Occidental and believe we have a terrific platform
to further increase the value of the company for our investors,
employees and partners.”
Ms. Hollub has nearly 35 years of experience in the oil and gas
industry, holding a variety of technical and leadership roles, both
domestic and international. In 2013, Ms. Hollub was appointed Vice
President of Occidental Petroleum Corporation 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 holds a Bachelor of Science in Mineral Engineering from the
University of Alabama. She began her career in 1981 with Cities Service,
which was acquired by Occidental in 1982.
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