NGI The Weekly Gas Market Report

People -- Simonelli Named BHGE Chairman | Anadarko Management Changes

Lorenzo Simonelli, president and CEO of Baker Hughes, a GE company (BHGE), has added  chairman to his title, as expected, succeeding GE Chairman/CEO Jeff Immelt, who has retired from the BHGE board. BHGE board member J. Larry Nichols, chairman of Devon Energy Corp., also plans to resign from the board after serving on the Baker Hughes Inc. board for 16 years. With the two resignations, BHGE has reduced the size of its board to nine and named current GE-designee BHGE board member W. Geoffrey Beattie as the lead director. GE owns 62.5% of BHGE.

Anadarko Petroleum Corp.has shuffled its management team following the departure of Executive Vice President (EVP) Brad Holly, who was in charge of U.S. onshore exploration. Holly has resigned to pursue “other interests.” Danny Brown, formerly EVP of international and deepwater operations, was tapped to lead U.S. onshore operations, with responsibility for upstream and midstream activity in Colorado, Texas, Utah and Wyoming. Ernie Leyendecker, who was handling international/deepwater exploration, was named EVP of worldwide exploration, which now includes U.S. onshore activity. EVP Mitch Ingram, formerly running the global liquefied natural gas arm, is taking over international and deepwater operations, as well as project management. 

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