API Waves Goodbye to Cazalot, Says Hello to Chazen

Stephen I. Chazen, Occidental Petroleum Corporation’s president and Chief Executive Officer, was elected Chairman of the American Petroleum Institute’s Board of Directors. This elected one-year position is effective Jan. 1, 2014.

Chazen will succeed Marathon Oil Corporation’s Chairman, President and CEO Clarence P. Cazalot, Jr.

“Steve Chazen’s experience and knowledge will reinforce API’s growing outreach to the public and policymakers,” said API President and CEO Jack Gerard, in a released statement. “He knows firsthand how America’s oil and natural gas industry creates jobs, generates revenue for the government, and makes our nation more energy secure. Under Steve’s leadership, API and our 15 million strong and growing network of grassroots activists will continue our advocacy efforts on the benefits of the energy revolution taking place in the United States.”

With more than 40 years of industry experience, Chazen joined Occidental Petroleum in 1994 as executive vice president – corporate development. Since then, he has held numerous positions within the company. He was named chief operating officer in 1999 and elected president and chief financial officer in 2007. Three years later, he was named president and chief operating officer and elected to the company’s board of directors in 2010 and became president and CEO the following year.

He also serves on the boards of directors for Ecolab Incorporated, the Aquarium of the Pacific and the Catalina Island Conservancy.

Outgoing Chairman Clarence Cazalot, Marathon Oil’s CEO, announced his retirement in July and is set to leave at the end of this year. He has lead Marathon for nearly 14 years and will continue his role of executive chairman.

API’s President, Gerard, thanked Cazalot for his leadership over the past year and his long service on API’s Board of Directors.

“Clarence’s influence has been felt throughout API and our entire industry,” said Gerard. “We wish him a long and happy retirement.”


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