First Woman to Lead a Major U.S. Oil Company Joins Lockheed Martin’s Board

By Barbara Wenger

Vicki Hollub, the first woman to helm a major U.S. oil company, joins Lockheed Martin’s board of directors

Hollub has been president and CEO of Occidental Petroleum Corporation since 2016, and has spent 30 years with the company holding a variety of managerial and technical jobs, including working out in oil fields and on rigs.

“There is something to be learned from every person you encounter and every job that you tackle,” she said in an article earlier this year published in The Way Ahead, an oil and gall trade publication.

Most recently, Hollub served as Occidental’s president and COO, overseeing the company’s oil and gas, chemical and midstream operations. Prior to that, she was the company’s senior executive vice president, and president of Oxy Oil and Gas, responsible for operations in the United States, the Middle East region and Latin America.

“Vicki is an accomplished leader with a proven track record of delivering results for her customers and shareholders,” said Marilyn Hewson, Lockheed Martin chairman, president and CEO. “Her experience doing business in the Middle East and around the world will provide us with important insights as we continue to grow our international business. We look forward to having the benefit of her unique perspective and experience on the Lockheed Martin board.”

Hollub, who has been on Occidental’s board since 2015, serves on the boards of the American Petroleum Institute and Khalifa University for Science and Technology in Abu Dhabi. She is the U.S. chair for the U.S.-Colombia Business Council.

She’ been a strong proponent of getting more diversity in the oil and gas industry, and in STEM jobs overall.

In The Way Ahead article she noted that:

“The oil and gas industry, like every industry, benefits from diversity and inclusion. Companies need to take steps to ensure all employees have access to growth and development opportunities and that talent identification programs cast a wide net. Our industry also has the opportunity to encourage more women to pursue oil and gas careers through our various STEM-related initiatives and sponsorships.”