Occidental to add three of Icahn's associates to board

Occidental to add three of Icahn's associates to board

Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn's associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.

The logo for Occidental Petroleum is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid

REUTERS: Occidental Petroleum Corp said on Wednesday it would add to its board three of activist investor Carl Icahn's associates, ending a long and bitter fight that began after its ill-timed acquisition of rival Anadarko Petroleum.

Andrew Langham, Nicholas Graziano and Margarita Paláu-Hernández will join Occidental's board as independent directors, the company said.

"We believe Oxy is a good company with good assets," Icahn said in a statement.

The Wall Street Journal had first reported https://on.wsj.com/2wAUfmN that Occidental was nearing a truce with Icahn.

(Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)

Source: Reuters

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