Summary
Occidental Petroleum Corporation (OXY) announced on February 7, 2006, a significant change in its senior finance leadership with the appointment of James M. Lienert as Executive Vice President, Finance and Planning. This move is effective immediately and Mr. Lienert will report directly to the Senior Executive Vice President and Chief Financial Officer, Steve Chazen. The appointment signals a shift in internal leadership for a key financial role within the company. Mr. Lienert brings a deep and extensive background within Occidental Petroleum, having most recently served as President of its subsidiary, Occidental Chemical Corporation (OxyChem), since March 2004. His prior experience includes leadership roles within OxyChem's chlor-alkali and vinyls businesses, as well as a tenure as Vice President of Finance for Oxy Services, Inc. This comprehensive internal experience is likely to provide continuity and a thorough understanding of the company's financial operations and strategic planning.
Key Highlights
- 1James M. Lienert appointed Executive Vice President, Finance and Planning, effective February 7, 2006.
- 2Mr. Lienert will report to Steve Chazen, Senior Executive Vice President and Chief Financial Officer.
- 3Mr. Lienert previously served as President of Occidental Chemical Corporation (OxyChem) since March 2004.
- 4Extensive prior experience within OxyChem in various leadership roles (chlor-alkali, vinyls).
- 5Prior experience as Vice President of Finance for Oxy Services, Inc.
- 6Mr. Lienert has a long tenure with Occidental, beginning his career in 1974.
- 7The appointment is effective immediately.