I called him on a Saturday morning to ask if I could come to Omaha and talk with him about a potential arrangement. With what was now a 78% cash bid, Anadarko reversed course and accepted Hollub’s offer. We went up to his offices. I just get in my kayak. "[2][9] During a subsequent transition period[2] she was responsible for operations in the Middle East, Latin America and the United States. What were Vicki A Hollub’s addresses before … Oil was $72, consolidation needed to happen and everyone else was too afraid to do it. I wanted him to know more about me and the company. [4], Initially working on oil rigs in Mississippi,[7] Hollub started her career in 1981 with Cities Service[9], when it was a fully integrated oil and gas company. Flash forward to today. Hollub thought that if she could decrease the proportion of the offer that was in stock—her company initially proposed 60% stock, 40% cash—she wouldn’t need shareholders to vote yes. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. I wanted him to know more about me and the company. He said, “Sure, when can you be here?” I said, “Sunday morning, 10 o’clock.”. [18] Icahn wrote an open letter stating his view that Hollub and the board bought Anadarko to save their own jobs, and failed to protect shareholders' capital when they heavily indebted Occidental by borrowing over $40 billion in order to purchase Anadarko at a "massive" 65% premium. Brian Moynihan, [the CEO] of Bank of America [one of Occidental’s M&A advisers on the Anadarko deal], told Warren Buffett I would be calling. Ms. Hollub started her career at Cities Service, which was acquired by Occidental. Whitepages people search is the most trusted directory. [1] Hollub was appointed CEO during a severe downturn in the oil industry. Lived In Humble TX, Bakersfield CA, Northport AL, Bessemer AL. VICKI HOLLUB. Hollub placed "particular emphasis" on developing the Permian Basin in the southern United States, which had been a consistent driver of profits. But he already knew everything, knew all about the deal, so I quickly realized I didn’t need to tell him anything. 127 guests. She has been the president and CEO of Occidental Petroleum since April 2016, when she became the first woman heading a major American oil company. I go kayaking on the bay in Galveston. [12] From 2014 until May 2015, she was the executive vice president of Occidental Petroleum[11] and president of Occidental Oil & Gas Corp in the Americas[4][10] from July 2014[12] until May 2015,[11] which gave her oversight of operations in Latin America and worldwide exploration. So she flew to Omaha, pitched the deal to Warren Buffett, and came away with a $10 billion investment from Berkshire Hathaway Inc. (Buffett got high guaranteed dividends on preferred shares.) I was shocked because we were still talking with Anadarko. [6] Under Hollub, Occidental cut production costs in response to falling crude prices[6][8] but decided not to lay off employees. 1. [1] Half of Occidental's output was coming from the Permian Basin by July 2017, while the other half came from Qatar, Oman, the United Arab Emirates and Colombia. [10] She is the U.S. chair for the U.S.-Colombia Business Council. Ms. Hollub previously was Senior Executive Vice President, Occidental, and President, Oxy Oil and Gas, where she was responsible for operations in the U.S., the Middle East region and Latin America. Her eleventh-hour hustle secured Occidental’s $55 billion takeover of Anadarko Petroleum Corp. in August. I want to lower their stress, and I want to do it as quickly as possible. VICKI HOLLUB The Bloomberg 50 Bloomberg Businessweek, 00077135, 12/9/2019, Issue 4639 . She has been a member of Occidental’s Board of Directors since 2015. It was never spur-of-the-moment. [19][20], She was elected to the board of directors at Occidental Petroleum in December 2015. Edited excerpts from her conversation with Bloomberg’s Kevin Crowley: When did you find out that Anadarko Petroleum had a deal with Chevron? Oil was $72, consolidation needed to happen and everyone else was too afraid to do it. She had a super fan and she was going to need to consider a restraining order. View phone numbers, addresses, public records, background check reports and possible arrest records for Vicki Hollub in Texas (TX). I just get in my kayak. But he already knew everything, knew all about the deal, so I quickly realized I didn’t need to tell him anything. You’ve faced a lot of criticism over the deal to buy Anadarko. It was never spur-of-the-moment. [4][9][10] Later that year, in December 2015[11] Hollub was appointed the global president[3] and chief operating officer (COO) of Occidental,[4][10] with oversight for the company's midstream, chemical, and oil and gas operations. Galveston, TX (1) Houston, TX (1) Humble, TX (1) Refine Your Search Results. She is the chair of the U.S. Secretary of Energy Advisory Board and the U.S. chair for the U.S.-Colombia Business Council. Related To Raymond Hollub, Jennifer Hollub, Samuel Hollub, Glenn Hollub. What bothers me more than anything is our shareholders are going through some stress. I go kayaking on the bay in Galveston. My entire career was built on data driven, bold risk taking and, for the most part, it had worked out. Flash forward to today. Ms. Hollub serves on the boards of the American Petroleum Institute, Khalifa University for Science and Technology in Abu Dhabi, and Lockheed Martin. With what was now a 78% cash bid, Anadarko reversed course and accepted Hollub’s offer. [4][10] In October 2013[9][11] she was named both Occidental Petroleum's vice president and the executive vice president of U.S. Operations, Oxy Oil and Gas,[4][9][10][11] a role she held until July 2014. Early life and education. She had a super fan and she was going to need to consider a restraining order. I was driving and heard it on the radio. What bothers me more than anything is our shareholders are going through some stress. [4] Hollub is a member of the Society of Petroleum Engineers (SPE). [17], In March 2020 amid a major stock market crash and an international oil crisis that saw the company's stock price plummet dramatically, a group of activist investors led by Carl Icahn have stated their desire to replace the entire Occidental board of directors, including Hollub. How do you deal with that? She has been a member of Occidental’s Board of Directors since 2015. Ms. Hollub is also a member of the Oil and Gas Climate Initiative and the World Economic Forum, where she serves on the stewardship board for the Platform for Shaping the Future of Energy and Materials. [21], Hollub is a longtime fan of her alma mater's Alabama Crimson Tide football program, particularly under former coach Bear Bryant. He said, “Sure, when can you be here?” I said, “Sunday morning, 10 o’clock.” He was at the door, waiting. But he already knew everything, knew all about the deal, so I quickly realized I didn’t need to tell him anything. Ms. Hollub started her career at Cities Service, which was acquired by Occidental. Vicki Hollub is President and Chief Executive Officer of Occidental. [9] Hollub was also in the 2016 class of Distinguished Engineering Fellows from the University of Alabama College of Engineering. Bloomberg Businessweek, 00077135, 12/9/2019, Issue 4639, 14 members / Vicki Hollub lives in Galveston, TX; previous cities include Humble TX, Dickinson TX and Lampasas TX. Resides in Galveston, TX. Total was not the first company we talked to. In April of 2019, Vicki Hollub made a play for Anadarko that was aggressive, bold and totally out of the realm of my imagination that I instantly discovered that she was my favorite CEO. So she flew to Omaha, pitched the deal to Warren Buffett, and came away with a $10 billion investment from Berkshire Hathaway Inc. (Buffett got high guaranteed dividends on preferred shares.) Vicki Hollub (born 1960) is an American businesswoman and mineral engineer. Resides in Galveston, TX. The whole meeting was probably an hour and a half. The move con solidated Occidental’s position as the top producer in the Permian Basin, the world’s biggest shale field. Occidental is saddled with debt, and the stock has plunged. [12], In May 2015, Occidental's board of directors selected Hollub to succeed retiring chief executive officer (CEO) Stephen Chazen, basing their decision on Hollub's "strong track record of successfully growing [Occidental's] domestic oil and gas business profitably and efficiently. Vicki Hollub (born 1960) is an American businesswoman and mineral engineer. Vicki Ann Hollub, 60. Ms. Hollub serves on the boards of the American Petroleum Institute, Khalifa University for Science and Technology in Abu Dhabi, and Lockheed Martin. A graduate of the University of Alabama, Ms. Hollub holds a Bachelor of Science in Mineral Engineering. For more than six months prior to that, we’d talked to another company about buying the Africa assets. The move consolidated Occidental’s position as the top producer in the Permian Basin, the world’s biggest shale field. Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | Spotify | RSS, Vicki HollubPresident and Chief Executive Officer. [4][7], In 2005, Hollub became involved in leading Occidental's expansion in the Permian Basin [2] in West Texas and southeastern New Mexico. The Case for Businesses That Don’t Scale: Financial Value isn’t the Most Important Value in Business, Avoid Blunders Designing Reputation Systems, Jumping The Great Wall: How Chinese Startups Are Globalizing, Tencent game business faces regulatory risk. I care about that. (Bloomberg Businessweek) -- In April, Anadarko rebuffed a bid from Occidental in favor of a lower one from Chevron Corp., partly because Anadarko wasn’t convinced Hollub could win shareholder approval for the purchase. A graduate of the University of Alabama, Ms. Hollub holds a Bachelor of Science in Mineral Engineering. She has been a member of Occidental’s Board of Directors since 2015. Summary: Vicki Hollub is 60 years old today because Vicki's birthday is on 10/16/1959. For more than six months prior to that, we’d talked to another company about buying the Africa assets. Vicki Hollub is President and Chief Executive Officer of Occidental. Prior to that, she held a variety of leadership positions, including Executive Vice President, Occidental, and President, Oxy Oil and Gas, Americas; Vice President, Occidental, and Executive Vice President, U.S. Operations, Oxy Oil and Gas; Executive Vice President, California Operations; and President and General Manager of the company’s Permian Basin operations. [11], From 2012 until 2013[11] Hollub was executive vice president of Occidental's operations in California. Brian Moynihan, [the CEO] of Bank of America, [one of Occidental’s M&A advisers on the Anadarko deal], told Warren Buffett I would be calling.
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