On Thursday, Occidental officially announced that Vicky Hollub will succeed Stephen I. Chazen as the company’s CEO effective at the company’s annual shareholder meeting next May. The announcement is part of a succession plan announced last May, which prepared the way for the appointment of the first female CEO of a major independent oil company.
Hollub said, “I am proud and honored to be given the responsibility by Occidental’s Board of Directors to lead this great company. Occidental has a terrific portfolio of assets with top-notch people. I will work tirelessly to earn and keep the respect of our employees, investors and other stakeholders as we strive to be the best company in our industry.”
Also Thursday, OXY’s Board of Directors promoted Hollub to President and Chief Operating Officer, as well as to the Board. At the time of the May announcement, Hollub was promoted to Senior Executive Vice President of Occidental and President – Oxy Oil and Gas, responsible for operations in the United States, Middle East region and Latin America.
Commenting on the decision, Eugene L. Batchelder, Chairman of Occidental’s Board of Directors, said, “The Board selected Vicki following a thorough succession planning process. She is a proven leader who has demonstrated success at every level during her 35 years with Occidental. She has the full trust and confidence of the Board, and we look forward to working with her to continue to build value for Occidental’s shareholders.”
And CEO Stephen I. Chazen, said, “Vicki has an outstanding track record of efficiently and profitably growing our oil and gas business that will serve her well as Occidental’s chief executive. Her extensive operational and leadership experience make her the right person to lead our organization today and to meet the challenges facing our industry going forward.”
A 35-Year O&G Pedigree
Hollub has almost 35 years of experience in the O&G industry, holding a variety of technical and leadership roles, both domestic and international. In 2013, she was appointed Vice President of Occidental and Executive Vice President, US Operations, Oxy Oil and Gas. She previously served as Executive Vice President, California Operations; and President and General Manager, Permian Basin operations.
She holds a Bachelor of Science in Mineral Engineering from the University of Alabama. Hollub started her career in 1981 with Cities Service, which was acquired by Occidental in 1982.