LOS ANGELES, Dec 10, 2002 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today the election to its board of directors of R. Chad Dreier, president and chief executive officer since 1993 of The Ryland Group, a national homebuilder. Mr. Dreier joins 9 other independent, outside directors and 2 members of management who comprise the current board.
Mr. Dreier, 55, began his business career as an auditor and Certified Public Accountant with the public accounting firm now known as Ernst & Young. Prior to assuming his current position, he served as chief financial officer of KB Home.
Mr. Dreier is involved in a variety of civic, philanthropic and educational endeavors, including serving as Chairman of the Board of Trustees of Loyola Marymount University in Los Angeles since 1998.