Feb 14 Occidental Petroleum Corp has
started looking for someone to replace Chief Executive Stephen
Chazen, the fourth-largest U.S. oil company said on Thursday.
"Succession planning and best corporate governance practices
have been a high priority for the Board over the past number of
years," Director Margaret Foran said. "We look forward to a
thoughtful and smooth process that will yield the best result
for Oxy and all of its constituencies."
Chazen joined Occidental in 1994, but he only took over as
CEO in mid-2011 after serving as chief financial officer for
more than a decade. Executive Chairman Ray Irani is set to
retire at the end of 2014.