Occidental Petroleum Makes Executive Management Changes

Occidental Petroleum Corp. reported new executive management responsibilities following the recent appointment of leadership for the company's California Resources Corp. (CRC) subsidiary.

According to a company release, the following executives will head key operations as direct reports to Stephen I. Chazen, President and Chief Executive Officer of Occidental Petroleum:

WCW (Willie) Chiang, Executive Vice President - Operations, joined Occidental from ConocoPhillips in 2012 as Executive Vice President, Operations, bringing more than 30 years of industry experience. He will continue to oversee the Midstream businesses, Worldwide Engineering, Corporate Reserves and the capital allocation process, adding Supply Chain to his purview. In addition, Chiang will assume responsibility for Occidental's Chemical operations (OxyChem) and Government Affairs.

Vicki A. Hollub, President, Occidental Oil and Gas - Americas, has been Executive Vice President of U.S. Operations, Occidental Oil and Gas, with responsibility for domestic production, asset growth and drilling. In her new role she will also oversee the Latin America operations as well as Worldwide Exploration.

Edward A. (Sandy) Lowe, President, Occidental Oil and Gas - International, Lowe will retain his current responsibility for oil and gas producing assets in the Middle East region as well as the Major Projects Development Group, Non-Operated Assets in the Middle East, and International Drilling functions.

The Company said that staff functional leaders also reporting to Chazen include the following executives:

Marcia Backus will continue as Vice President and General Counsel and assume the roles of Corporate Secretary and Chief Compliance Officer.

Chris Stavros is appointed Executive Vice President and Chief Financial Officer (CFO). As CFO, Stavros will lead the Controller, Treasury and Tax functions as well as Investor Relations and Communications and Public Affairs.

Glenn Vangolen is appointed Executive Vice President, Business Support, with responsibility for the Human Resources, Information Technology and Health, Environment and Safety functions.

Cynthia Walker is appointed Executive Vice President, Strategy and Development, adding Business Development and Land activities to her current responsibility for Financial Planning and Analysis.

New corporate Vice Presidents have also been appointed: Ioannis A. Charalambous, Vice President and Chief Information Officer (CIO); Ben Figlock, Vice President and Treasurer; and Jennifer Kirk, Vice President and Controller.

"Each of these individuals has made significant contributions to the company," said Chazen. "Their unique strengths and combined leadership will continue to shape the future of Occidental as we embark on this new chapter in our history."

Occidental Petroleum Corp. is an international oil and gas exploration and production company.

More information:

http://www.oxy.com/

http://www.oxy.com/NewsRoom/Pages/NewsReleases.aspx

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