Global Leader in International Oil and Gas Industry News

posted in:

Occidental Petroleum board forms search committee as part of succession planning process

Friday, Feb 15, 2013

Occidental Petroleum Corporation (NYSE:OXY) today announced that as part of the Company’s succession planning process, the Board has formed a search committee to undertake a review of internal and external candidates to succeed President and Chief Executive Officer, Stephen I. Chazen, with the assistance of a leading executive search firm. The Company has not set a timetable for completion of the search. As previously announced, Dr. Ray R. Irani, who continues to serve as Executive Chairman, will retire at the end of 2014.

“Succession planning and best corporate governance practices have been a high priority for the Board over the past number of years,” said Director Margaret Foran. “We look forward to a thoughtful and smooth process that will yield the best result for Oxy and all of its constituencies.”

About Oxy

Occidental Petroleum Corporation (OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is one of the largest U.S. oil and gas companies, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem manufactures and markets chlor-alkali products and vinyls. Oxy is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.

Source: Occidental Petroleum Corporation

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Elk acquires the Singleton Unit in Nebraska 23-04-2014
Longreach prepares to drill into target Liassic formation with Kamar-1 well in Morocco 23-04-2014
Chevron unveils PitPack motor oil dispensing system 23-04-2014
Farstad Shipping ASA - charter agreements 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
Halliburton to build drilling, testing and training facility in Texas 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
EnerJex Resources announces Niobrara operations update and development plans 23-04-2014
BP agrees to sale of interests in four Alaska North Slope assets 23-04-2014
Gazprom and Turkey to look into possible increase in Blue Stream capacity 23-04-2014