Anderson Departing Duke Energy for BHP
Paul Anderson is leaving the post of president and chief
operating officer of Duke Energy, a position he assumed when Duke
bought PanEnergy, to become managing director and CEO of Broken
Hill Pty. Ltd. He will relocate to Australia. Anderson announced
the move two days after Duke announced it was selling two-thirds of
PanEnergy - the Panhandle Eastern and Trunkline pipelines - to CMS
Anderson was named chairman of PanEnergy in April 1997, after
holding successively more responsible positions first with Texas
Eastern Corp., and then PanEnergy since 1977.
"We're very happy for Paul," said Duke spokesman Randy Wheeless.
"He got a good opportunity at BHP to make an impact with a company
that some people would say is struggling. When he became the
president of PanEnergy a few years ago, some people would say they
were struggling. So he knows how to turn things around." Richard
Priory, Duke chairman and CEO, will assume the president's title,
and there will be no new COO.
Baker Hughes also reported Anderson resigned effective
immediately from its board of directors because of his new position
at Broken Hill and relocation to Australia.
ARCO, Mobil Swap
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