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
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.
Occidental Petroleum Corporation
Melissa E. Schoeb
Stavros
the web:
