API elects Occidental’s Chazen as chairman

Occidental Petroleum Corp. President and CEO Stephen Chazen has been elected chairman of the American Petroleum Institute’s board of directors as of January 1 for a one-year term.

He succeeds Marathon Oil Corp.’s Executive Chairman Clarence 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 said in a 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.”

Chazen, who has more than 40 years of experience in the oil and natural gas industry, joined Occidental Petroleum in 1994 as executive vice president for corporate development.

He became chief financial Officer in 1999 and elected president and chief financial officer in 2007. He was named president and COO 2010 and took on his current role the following year.

He holds a Ph.D. in geology from Michigan State University, a master’s degree in finance from the University of Houston, and a bachelor’s degree in geology from Rutgers College.