OXY unveils success plan for CEO; promotes Hollub to new executive post

Occidental Petroleum Corp.’s (NYSE: OXY) board of directors has approved a CEO succession plan and promoted Vicki A. Hollub to senior executive vice president of Occidental and president of Oxy Oil and Gas, responsible for operations in the US, Middle East, and Latin America. The board plans for 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 transition period.

Hollub has 35 years of experience in the oil and gas industry, holding technical and leadership roles, both domestic and international. In 2013, she was appointed vice president of Occidental Petroleum Corp. and executive vice president, US Operations, Oxy Oil and Gas. She previously served as executive vice president, California Operations; and as president and general manager, Permian Basin operations.

Hollub holds a Bachelor of Science degree in mineral engineering from the University of Alabama. She began her career in 1981 with Cities Service, which was acquired by Occidental in 1982.

Last year, Occidental Petroleum split into two companies and moved its headquarters from Los Angeles to Houston. It completed the spinoff of California Resources Corp. (NYSE: CRC) in December 2014.

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