Summary
Occidental Petroleum Corporation announced a significant leadership transition on July 30, 2010, with Stephen I. Chazen appointed as President and Chief Operating Officer. This move sees Mr. Chazen, who has held key financial roles since 1999, taking on broader operational responsibilities. He will continue as Chief Financial Officer until August 15, ensuring a smooth handover of financial duties. Furthermore, James M. Lienert has been appointed as the new Executive Vice President and Chief Financial Officer, effective August 15. Mr. Lienert's extensive experience in finance and planning since 2006 positions him well for this critical role. These appointments reflect a strategic adjustment in the company's executive leadership structure, aimed at leveraging the experience of existing senior management for enhanced operational oversight and financial stewardship.
Key Highlights
- 1Stephen I. Chazen appointed as President and Chief Operating Officer, effective immediately.
- 2Mr. Chazen will continue as Chief Financial Officer until August 15, 2010.
- 3James M. Lienert appointed as Executive Vice President and Chief Financial Officer, effective August 15, 2010.
- 4Mr. Chazen has extensive experience as CFO since 1999 and President since 2007.
- 5Mr. Lienert has served as Executive Vice President, Finance and Planning since 2006.
- 6The company has provided press releases as exhibits detailing these leadership changes.