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, as reported by Reuters.
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 on.wsj.com/2wAUfmN that Occidental was nearing a truce with Icahn.
Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur
