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Anderson Departing Duke Energy for BHP

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 Corp.

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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