Summary
This 8-K filing from Occidental Petroleum Corporation (OXY) on October 14, 2008, primarily announces a key executive transition within its finance department. Roy Pineci has been elected Vice President, Controller and Principal Accounting Officer, effective November 14, 2008. This appointment follows the retirement of the incumbent, Jim Leonard. Mr. Pineci brings substantial experience to this critical role, having joined OXY in 2005 and possessing over 20 years of public accounting experience, including a tenure as a partner at KPMG LLP. His prior roles within OXY include Vice President - Internal Audit and Senior Vice President, Finance for Oil and Gas. This transition signifies a change in the company's principal accounting officer and may be of interest to investors concerned with financial reporting and oversight.
Key Highlights
- 1Roy Pineci appointed Vice President, Controller and Principal Accounting Officer, effective November 14, 2008.
- 2Current officer Jim Leonard is retiring from these positions on November 14, 2008.
- 3Mr. Pineci has a strong background with over 20 years in public accounting, including a partner role at KPMG LLP.
- 4Pineci joined Occidental in June 2005 and has held significant finance and audit roles within the company.
- 5This filing is primarily an announcement of executive succession in a key financial role.
- 6The press release dated October 14, 2008, is included as an exhibit.