Stephen Chazen
| Stephen Chazen | |
|---|---|
| Nationality | American |
| Alma mater |
Rutgers University University of Houston Michigan State University |
| Occupation |
Chief Executive Officer at Occidental Petroleum (2011–2016) |
Stephen Chazen (born 1946) is an American businessman. He is the former President and Chief Executive Officer of Occidental Petroleum (NYSE: OXY).
Biography
Early life
He was born in 1946.[1] He received a Bachelor of Science in Geology from Rutgers University, a master's degree in Finance from the University of Houston and a PhD in Geology from Michigan State University.[1][2][3]
Career
He worked as a Managing Director in Corporate Finance and Mergers and Acquisitions at Merrill Lynch.[2][3]
In 1994, he started his career at Occidental Petroleum (OXY), a publicly traded oil corporation headquartered in Los Angeles, California and the fourth largest oil producer in the United States.[2][3][4] He served as Executive Vice President-Corporate Development at Occidental Petroleum from 1994 to 1999, and as its Executive Vice President-Corporate Development from 1999 to 2004.[2][3] He served as its Senior Executive Vice President from 2004 to 2007, and as its Chief Financial Officer from 2004 to 2007.[2][3] He served as its President since December 2007 until 2016 and as its Chief Executive Officer since May 5, 2011 through April 29, 2016.[2][3][5] He replaced Ray R. Irani, who serves as Chairman since then.[4] He has denied conflict with Irani.[4] In 2011, he earned over US$31 million.[2][3] He owns 3,245 shares of OXY.[2][3] According to a study by the Graziadio School of Business and Management at Pepperdine University, under his leadship, OXY earned US$3.4 billion in economic profit in 2011, an increase of $1.6 billion from 2010, making him the value-generation business leader in Southern California.[6]
He serves on the Board of Directors of the American Petroleum Institute.[3] He has served on the Boards of the Lyondell Chemical Company, Premcor and Washington Mutual.[3]
As of August 2016, he is reported to be worth over US$128 million, due to his stock holdings in Occidental Petroleum and other companies.[7]
He serves on the Board of Trustees of the Aquarium of the Pacific and Catalina Island Conservancy.[3] He is a Republican.[1]
References
- 1 2 3 nndb
- 1 2 3 4 5 6 7 8 Bloomberg BusinessWeek
- 1 2 3 4 5 6 7 8 9 10 11 Forbes
- 1 2 3 Guy Chazan, Occidental denies fight over Chazen heir, The Financial Times, April 8, 2013
- ↑ Message from the CEO
- ↑ Tiffany Hsu, Occidental's Stephen Chazen tops list of value-generating CEOs, The Los Angeles Times, May 03, 2012
- ↑ "STEPHEN I CHAZEN Insider Trading Overview". www.insidermole.com. Retrieved 2016-08-09.