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Aug 9 (Reuters) - Oil and gas producer Occidental Petroleum said on Wednesday it appointed company veteran Sunil Mathew as its new chief financial officer.
The appointment, effective immediately, replaces Rob Peterson, who would now lead the company's chemical division.
Peterson, who was the finance chief since 2020, would transition into the role of executive vice president of essential chemistry at Occidental Chemical Corporation (OxyChem), the company said in a filing.
OxyChem is a wholly-owned subsidiary of Occidental Petroleum.
Mathew, 53, has been with the company since 2004. Prior to the new role, he was Occidental's vice president of strategic planning and analysis.
Mathew's appointment would fetch the executive a base salary of $700,000 per year, the company said.
Occidental Petroleum last week raised its full-year production forecast by 1%, but missed second-quarter profit expectations due to a slide in oil and gas prices and took a writedown to exit some operations.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Shilpi Majumdar)
