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Stevens out as chief executive at oil producer CRC [The Bakersfield Californian]

Stevens out as chief executive at oil producer CRC [The Bakersfield Californian] Dec. 22 The top executive at California Resources Corp. will step down next week and be replaced on an interim basis by the local oil producer’s new chairman, a civil engineer with a background in electrical power generation. President and CEO Todd A. Stevens, 53, a Bakersfield High School Driller, has led Santa Clarita-based CRC since its 2014 spinoff from Occidental Petroleum Corp. He presided over the company’s Chapter 11 bankruptcy in July and subsequent re-emergence under lender ownership. A company news release on the transition offered no explanation for Stevens’s sudden departure and there was no word on whether he was forced out or resigned voluntarily. It only said his exit “did not result from any dispute or disagreement with the company on any matter relating to the company’s operations, financial statements, internal controls, policies or practices.”

People and Places - Week of December 18, 2020

People and Places Today Mainly sunny to start, then a few afternoon clouds. High 72F. Winds NW at 5 to 10 mph.. Tonight Updated: April 5, 2021 @ 5:30 am Jasmine O. Wilson, Northern Virginia Veterans Administrative Support Housing (VASH) team leader, accepts VVA Chapter 227 credit card gift cards for VASH veterans and families in need of additional holiday financial support. This year, 56 veterans and their families benefitted from $6,675 in gift cards from Vietnam Veterans Chapter 227. In addition, a partnership between VVA 227 and MITRE Corp employees shipped 2,895 care packages to service members with an APO or FPO mailing address. Courtesy Photo Dec 18, 2020 Sidney O. Dewberry Courtesy Photo

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