(Adds background on new CFO and Occidental CEO, byline)
By Braden Reddall
July 20 Occidental Petroleum Corp said
on Friday that Goldman Sachs banker Cynthia Walker would
take over as chief financial officer of the fourth-largest U.S.
oil company next month, just over a year after another former
banker took the reins at Occidental.
Walker, 35, was most recently a managing director at
Goldman, where she worked for 12 years, including as a senior
member of the Global Natural Resources Group in Houston and as
part of the mergers and acquisitions team.
"As a result of her background in these areas, she is tailor
made to serve as our CFO," said Occidental Chief Executive
Stephen Chazen, who worked for 12 years at Merrill Lynch before
joining Los Angeles-based Occidental as CFO in 1994.
Walker's appointment is effective Aug. 6. James Lienert, who
has been CFO since taking over from Chazen in 2010, will become
executive vice president for business support, with
responsibility for supply chains and information technology.
Walker's entry into the upper ranks of the male-dominated
oil industry comes only months after Sunoco Inc's Lynn
Elsenhans stepped down as CEO.
The CFO post at Occidental's California rival, Chevron Corp
, is also held by a woman, Pat Yarrington.
(Reporting by Braden Reddall in San Francisco; editing by John