Source: Fortune
Summary
Occidental Petroleum’s COO Richard Jackson will succeed CEO Vicki Hollub in June. Hollub, the first woman to lead a major US oil company, will remain on the board. Jackson’s career path, which began in the Middle East, highlights the value of international experience in developing leadership skills. His rise shows how global postings can be a proving ground for executives with CEO ambitions, especially in industries like oil and gas.
Our Reading
The numbers tell one story.
Jackson’s international experience, which started in 2003, helped him develop the judgment and range that boards look for in a CEO. His rise through various roles, including US onshore oil and gas, low carbon technologies, and investor relations, demonstrates the importance of a broad record of leadership. The fact that his career began in the Middle East adds a layer to the succession story, highlighting the value of global experience in the oil and gas industry. The transition from Hollub to Jackson marks a new phase for Occidental Petroleum. The company’s future will be shaped by Jackson’s leadership, which has been shaped by his global experience.
Author: Evan Null
