Los Angeles, Ca., USA - May 6, 2013, Los Angeles, Ca., USA - Occidental Petroleum, an oil and gas company, announced that Edward P. Djerejian will assume the role of independent chairman and Spencer Abraham the role of independent vice chairman.
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Mr. Djerejian has served as an independent director of Oxy since 1996, and most recently has chaired the Corporate Governance, Nominating, and Social Responsibility Committee. He served in the Foreign Service for 32 years, and was twice appointed U.S. Ambassador, first to Syria, and later to Israel. He is the founding director of the James A. Baker III Institute for Public Policy at Rice University in Houston.
Mr. Abraham has served as an independent director of Oxy since 2005, and most recently has chaired the Executive Compensation and Human Resources Committee. He served as a United States Senator from Michigan, and later as the U.S. Secretary of Energy. He is currently Chairman and CEO of The Abraham Group LLC, an international strategic consulting firm.
The company also announced that Ray R. Irani will step down from the Board.
Mr. Irani became Executive Chairman of Occidental Petroleum Corporation in May 2011. He served as Chairman and Chief Executive Officer from 1990 to 2011 and held the additional title of President from 2005 to 2007. He served as President and Chief Operating Officer of Occidental from 1984 to 1989 and was Chairman and Chief Executive Officer of Occidental Chemical Corporation from 1983 to 1991.
Mr. Irani was Chairman of the Board of Canadian Occidental Petroleum Ltd. (now Nexen Inc.) and he was President, Chief Operating Officer and a Director of Olin Corporation. He serves on the Board of Directors of Wynn Resorts. He is a Trustee of the University of Southern California and Co-Chairman of the Board of the American University of Beirut. ■
Under an intense surge of arctic air, Friday morning will begin with the coldest temperatures so far this season across much of the central and eastern U.S. with blustery conditions and a piercing wind chill.