Occidental Petroleum Corporation announced the leadership team for its subsidiary California Resources Corporation (CRC), appointing Todd A. Stevens as president and CEO, and William E. Albrecht as executive chairman of the Board. CRC will be an independent oil and natural gas exploration and production company focused on high-growth, high-return conventional and unconventional assets exclusively in California.
Stevens, a 19-year veteran of Occidental, has served as vice president, Corporate Development, since August 2012. In this role, he has led the company’s growth-focused initiatives including mergers and acquisitions, land management and worldwide exploration, and has played a key role in the capital allocation process. Albrecht has been president, Occidental Oil and Gas – Americas, and vice president, Occidental Petroleum Corporation, since 2011. With more than 35 years of industry experience, Albrecht was responsible for Occidental’s oil and gas operations in North and South America, including its Health, Environment and Safety, government relations and social responsibility activities.
