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Fortune
Fortune
Ruth Umoh

Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage

(Credit: Bloomberg / Contributor)

Occidental Petroleum’s next chief executive began his career far from the Houston headquarters.

On May 1, Occidental announced that COO Richard Jackson will succeed Vicki Hollub as CEO upon her retirement in June. Hollub, who became CEO in 2016, was the first woman to lead a major U.S. oil company, a landmark appointment in an industry long dominated by men. She will remain on Occidental’s board after stepping down.

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