Robert Peterson, 49, was appointed as senior vice president and chief financial officer of Occidental Petroleum Corporation, the oil and gas producer announced.
His predecessor, Cedric Burgher will transition to another role within the company, Oxy said in an exchange filing.
The CFO transition marks the second major management change at Occidental recently, with senior vice president Oscar Brown, one of the key figures in the massive, debt-laden Anadarko Petroleum deal, left in March.
The company did not provide a reason for the CFO change or for Brown's departure.
Peterson has served as senior vice president, Permian EOR, Occidental Oil and Gas, since September 2019. Prior to that, he was vice president, Permian Strategy, Occidental Oil and Gas, from November 2018 to September 2019, where he was responsible for developing and implementing a joint portfolio, technology and people strategy for the Company’s Permian business and ensuring alignment with Occidental’s Low Carbon Ventures strategy, and was president of OxyChem, the company’s chemical subsidiary, from August 2014 to September 2017, where he was instrumental in completing its major capital investments and improving the profitability of the business.
Peterson holds a Bachelor’s degree in Mechanical Engineering and an MBA in Corporate Finance from the University of Florida.