Interior Deputy Secretary David Hayes, who many speculated was on the short list to succeed former Interior Secretary Ken Salazar, has said that he expects to leave the department at the end of June. After serving more than four years in the Obama administration, he plans to serve as senior fellow at the Hewlett Foundation and teach at Stanford Law School in the fall. “I am grateful for his wisdom and guidance to me throughout this transition, and I wish him the best as he heads out to California for this next chapter,” said newly appointed Interior Secretary Sally Jewell.
Los Angeles-based Occidental Petroleum Corp. (Oxy) said CEO Steve Chazen, 66, will continue in his current position through the end of next year “with full board support.” During that time Chazen will assist the board in its ongoing succession process and will work with board members on corporate strategy, succession planning, executive compensation and talent development. “The board and I have discussed the importance of identifying new leadership for the next decade,” Chazen said. He said the board and he would be calling upon former CEO and now executive chairman Ray Irani, 78, for “advice and counsel.” As part of the announcement Oxy outlined a number of corporate governance decisions, including a policy to have an independent member of the board serve as chairman and that the position be rotated every five years. In addition, the CEO now will have a mandatory retirement age of 68.
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