Anadarko Petroleum, a U.S.-based independent exploration and production company has announced that Al Walker has been elected Chairman of the Board, effective at the end of Anadarko’s Annual Meeting of Stockholders on May 14, 2013. He also will continue to serve as President and CEO.
Walker, 56, will succeed James T. Hackett. Hackett will serve as Executive Chairman through the company’s 2013 Annual Meeting of Stockholders and will retire from Anadarko in June 2013.
“Since being appointed President and CEO last May, Al has continued to demonstrate strong leadership at Anadarko,” said Hackett. “The Board has confidence that Al will be an effective Chairman and lead the company in its commitment to achieving sustainable, long-term success for our stakeholders.”
“The transition from Jim’s leadership to Al’s has worked very well,” said John Gordon , Lead Independent Director. “We are excited to take this next step, and our Board believes that Al will be an effective leader as Anadarko continues its work of safely providing the energy our world needs every day.”
“I am grateful for the Board’s confidence,” said Walker. “Anadarko’s established culture, talented employees, deep portfolio and strong management team have positioned the company to continue delivering differentiating success for years to come.”
As of year-end 2012, the company had approximately 2.56 billion barrels-equivalent of proved reserves, making it one of the world’s largest independent exploration and production companies.
[mappress] February 20, 2013