Our Governance

California Resources Corporation (CRC) cultivates a corporate culture bound by high ethical standards. The senior management team and Board of Directors are committed to effective and ethical corporate governance, which we believe ultimately enhances stockholder value. CRC's board, including seven independent directors, regularly reviews the company's governance practices to ensure good business practices and a strong compliance program.

Executive Management

Francisco J. Leon
Francisco J. Leon
President and Chief Executive Officer
Jay A. Bys
Jay A. Bys
Executive Vice President and Chief Commercial Officer
Clio Crespy
Clio Crespy
Executive Vice President and Chief Financial Officer
Sergio De Castro
Sergio De Castro
Senior Vice President, Transformation Office
Chris D. Gould
Chris D. Gould
Executive Vice President and Chief Sustainability Officer, and Managing Director, CTV Holdings
Omar Hayat
Omar Hayat
Executive Vice President and Chief Operating Officer
Michael L. Preston
Michael L. Preston
Executive Vice President, Chief Strategy Officer and General Counsel
Alana Sotiri
Alana Sotiri
Senior Vice President, People Operations

Board of Directors

Tiffany (TJ) Thom Cepak
Tiffany (TJ) Thom Cepak
Independent Board Chair, Director since 2020
Andrew B. Bremner
Andrew B. Bremner
Director since 2021
James N. Chapman
James N. Chapman
Director since 2020
James R. Jackson
James R. Jackson
Director since 2024
Christian S. Kendall
Christian S. Kendall
Director since 2024
Francisco J. Leon
Francisco J. Leon
President and CEO, Director since 2023
Mark A. (Mac) McFarland
Mark A. (Mac) McFarland
Director since 2020
William B. Roby
William B. Roby
Director since 2020
Bobby Saadati
Bobby Saadati
Director since 2024
Alejandra (Ale) Veltmann
Alejandra (Ale) Veltmann
Director since 2021

Committee Composition

Director Name Audit Committee Compensation Committee Finance Committee Nominating and Governance Committee Sustainability Committee
Andrew B. Bremner Independent Director Member of the Compensation Committee Member of the Finance Committee Member of the Sustainability Committee
Tiffany (TJ) Thom Cepak Chairman of the BoardIndependent Director Member of the Finance Committee
James N. Chapman Independent Director Chairperson of the Compensation Committee Chairperson of the Finance Committee
James R. Jackson Independent Director Member of the Sustainability Committee
Christian S. Kendall Independent Director Member of the Audit Committee Chairperson of the Nominating and Governance Committee
Francisco J. Leon
Mark A. (Mac) McFarland
William B. Roby Independent Director Member of the Audit Committee Member of the Compensation Committee Member of the Nominating and Governance Committee Chairperson of the Sustainability Committee
Bobby Saadati Independent Director Member of the Finance Committee
Alejandra (Ale) Veltmann Independent Director Chairperson of the Audit Committee Member of the Nominating and Governance Committee
Andrew B. Bremner Independent Director
Member of the Compensation Committee
Member of the Finance Committee
Member of the Sustainability Committee
Tiffany (TJ) Thom Cepak Chairman of the BoardIndependent Director
Member of the Finance Committee
James N. Chapman Independent Director
Chairperson of the Compensation Committee
Chairperson of the Finance Committee
James R. Jackson Independent Director
Member of the Sustainability Committee
Christian S. Kendall Independent Director
Member of the Audit Committee
Chairperson of the Nominating and Governance Committee
Francisco J. Leon
Mark A. (Mac) McFarland
William B. Roby Independent Director
Member of the Audit Committee
Member of the Compensation Committee
Member of the Nominating and Governance Committee
Chairperson of the Sustainability Committee
Bobby Saadati Independent Director
Member of the Finance Committee
Alejandra (Ale) Veltmann Independent Director
Chairperson of the Audit Committee
Member of the Nominating and Governance Committee
Legend Independent Director icon = Independent Director Chairperson icon = Chairperson Member icon = Member Chairman of the Board icon = Chairman of the Board

Corporate Policies

California Resources Corporation carries on a tradition of producing oil and natural gas in California that stretches back many decades. We have an obligation to carry that tradition into the future in a way that makes us all proud of our company and our operations, focusing on our core values:

  • Character: We must make the right decisions in our business dealings every day, even when the right decisions lead us down the more difficult path.
  • Responsibility: We must be honest, transparent and fair in our dealings both inside and outside the company. We must treat one another with respect.
  • Commitment: We all must be committed to the success of our company and upholding our core values every day.