Vicki Hollub, chief executive officer of Occidental Petroleum Corp. speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, on Monday, March 6, 2023.
F. Carter Smith | Bloomberg | Getty Images
Occidental Petroleumsaid on Friday its chief operating officer RichardJackson will take over as CEO after current top boss Vicki Hollub retires, effective June 1.
Reuters inMarchreported that she was preparing to retire as CEO of the oil and gas producer.
Her exit would end more than four decades at the Houston-based oil producer, where she became the first woman to become the CEO of a major U.S. oil companyin 2016.
Prior to becoming the top boss,HollubledOccidental’sPermian Basin operations, building the company into one of the biggest operators in the nation’s largest U.S. oil region.
Jackson joined the shale producer in 2003 and currently serves as its chief operating officer.
Occidental said Hollub will continue serving on its board of directors after her retirement.
About The Author
