Occidental said Vicki Hollub, President and CEO, informed the board on April 30, 2026 of her decision to retire, effective June 1, 2026 (the Transition Date). It said she will remain on the board after retiring.

1. 01

   Occidental said Vicki Hollub, President and CEO, informed the board on April 30, 2026 of her decision to retire, effective June 1, 2026 (the Transition Date). It said she will remain on the board after retiring.

2. 02

   The company said the board unanimously appointed Richard A. Jackson, 50, as President and CEO and as a director on April 30, 2026, effective from the Transition Date. It said he joined Occidental in 2003 and has served as Senior Vice President and Chief Operating Officer since October 2025.

3. 03

   The company said Jackson's annual base salary will be increased to $1,400,000 and his target annual cash incentive to 150% of base salary. It also said he will receive restricted stock units valued at $6,000,000, which will vest in equal annual installments over 3 years, subject to his continued service.

4. 04

   Occidental said all 10 board nominees were elected at its May 1, 2026 annual shareholder meeting. Vicki Hollub received 709,192,695 votes in favor (98.53%), and the advisory vote on executive compensation received 94.34% in favor.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.