Occidental Petroleum Names Richard Jackson as CEO Successor to Vicki Hollub

Occidental Petroleum announced on May 1 that its chief operating officer, Richard Jackson, will succeed Vicki Hollub as chief executive upon her retirement in June. U.S. oil company.

She will remain on Occidental’s board after stepping down as CEO. Jackson joined Occidental in 2003 in its Middle East operations. U.S. onshore oil and gas, low carbon technologies, the Permian Delaware Basin, enhanced oil recovery, investor relations, and drilling.

@FortuneMagazine reported that Jackson’s path to the top job began far from the Houston headquarters, with an early assignment in the Middle East that developed his judgment and range in an industry involving global supply chains, international partners, and relationships with host governments.

@FortuneMagazine reported that international assignments like Jackson’s can provide executives with broader leadership tests, managing operations, talent, legal questions, safety, community relationships, and commercial performance simultaneously. @FortuneMagazine reported that the value of overseas roles depends on timing, with early and mid-career assignments building credibility, autonomy, and resilience, while later assignments serve as finishing school for complex markets.

@FortuneMagazine reported that strong global moves come with sponsorship from senior executives, clear performance goals, and a path to a meaningful role after the assignment ends. President Trump said 'Project Freedom' will begin Monday to help stranded ships exit the Iran-restricted Strait of Hormuz. @FortuneMagazine reported that Spirit Airlines collapsed.