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Anadarko CEO Named Chairman of Federal Reserve Bank of Dallas

Anadarko Petroleum Corp. Chairman Jim Hackett has been appointed chairman of the Federal Reserve Bank of Dallas. Hackett, who was appointed by the Federal Reserve Board of Governors, was named to the Dallas board last year. He previously served on the Houston branch board.

Before joining Anadarko, Hackett was president and COO of Devon Energy Corp. following its merger with Ocean Energy, where he had been chairman, president and CEO. Ocean Energy was a product of a merger in 1999 with Seagull Energy Corp., where Hackett also was chairman, president and CEO.

Additionally, Hackett is former chairman of the Domestic Petroleum Council, an executive committee member of the American Petroleum Institute and a member of the Society of Petroleum Engineers. He is a director of Temple-Inland Inc. and Fluor Corp. He also serves as a board member of Baylor College of Medicine and the National Humanities Center. Hackett holds a bachelor of science degree from the University of Illinois and a master of business administration degree from Harvard University.

Each Federal Reserve Bank has a nine-member board of directors. Three members represent commercial banks, three represent the public and three are appointed by the Federal Reserve Board. Of the appointees, one is designated chairman and another deputy chairman.

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