(WO) – Occidental Petroleum mentioned President and CEO Vicki Hollub will retire efficient June 1, 2026, with Chief Working Officer Richard Jackson set to imagine the position.
Jackson can even be a part of the corporate’s board of administrators upon changing into CEO. Hollub, who has led Occidental since 2016, will stay on the board following her retirement, offering continuity in the course of the management transition.
The transfer follows what the corporate described as a decade-long transformation that strengthened its portfolio and technical capabilities. “With this sturdy basis in place, a transparent path ahead and a frontrunner like Richard… now could be the suitable time for this transition,” Hollub mentioned, including that she seems ahead to supporting Jackson and the board in her continued position as a director.
Jackson, who joined Occidental in 2003, has held a spread of management and technical roles throughout the corporate’s world operations, together with positions in U.S. onshore improvement, Permian basin operations and enhanced oil restoration. As COO, he has centered on bettering properly efficiency, advancing natural improvement and driving operational efficiencies.
“I’m grateful to be appointed President and CEO of Occidental,” Jackson mentioned. “Now we have an amazing alternative to concentrate on natural enchancment and execution to ship significant worth from our high-quality useful resource base.”
Board Chairman Jack Moore mentioned Jackson is “the suitable chief to information the corporate into its subsequent section,” whereas thanking Hollub for her management and contributions over greater than 4 a long time with the corporate.
