Occidental Petroleum Corporation (Oxy) 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.
Hollub has served as Executive Vice President of Occidental and President, Oxy Oil and Gas – Americas, since 2014, and will succeed Stephen I. Chazen as CEO of Occidental after a thorough transition period, the company reports.
Chazen said: “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. 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.”
Commenting on the preparation period, Hollub said: “I am excited about the opportunity to work with Steve in preparation to lead this great company. 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.”
Accordy to Oxy, Hollub has nearly 35 years of experience in the oil and gas industry, holding a variety of technical and leadership roles in the company. Her career begun in 1981 with Cities Service, the company that was Occidental acquired in 1982.