Dr. Irani has been Chief Executive Officer and Chairman of Occidental Petroleum Corp., oil and gas exploration and production company and a marketer and manufacturer of chemicals, since 1990. Dr. Irani has been President of Occidental Petroleum Corp. since January 1, 2005. Dr. Irani served as President of Occidental Petroleum from 1984 until July 1996 and was Chief Operating Officer from 1984 to 1990. He joined Occidental in 1983 as Chief Executive Officer and Chairman of Occidental Chemical Corporation, an Occidental subsidiary, and also served as the Executive Vice President of Occidental. Prior to joining Occidental, Dr. Irani served as President and Chief Operating Officer of Olin Corporation. Dr. Irani was Chairman of the Board of Directors of Canadian Occidental Petroleum Ltd. (now Nexen Inc.), an Occidental affiliate, from 1987 to 1999 and was honorary Chairman of the Board from 1999 to 2000. He has been a Director of KB Home since 1992 and is Chairman of Executive Committee. He has been a Director of Lyondell Chemical Co. since August 22, 2002 and Occidental Petroleum Corp. since 1984 and is a Member of Executive Committee. Dr. Irani is also a Director of the American Petroleum Institute and Cedars Bank. He is an Honorary Fellow of the American Institute of Chemists. He is a member of the American Chemical Society, the Chief Executive Officer Roundtable, The Conference Board, the Council on Foreign Relations, the U.S.-Saudi Arabian Business Council, the National Petroleum Council, the Scientific Research Society of America, and the Industrial Research Institute. He is a Trustee of the University of Southern California and is Chairman of USC's Academic Affairs Committee. He is also a Vice Chairman of the Board of the American University of Beirut, a Member of the Board of Governors of Town Hall and a Member of the World Affairs Council.