Al Walker, president and CEO of Anadarko Petroleum Corp., has been elected chairman of the board effective May 14. He is succeeding Jim Hackett, who is retiring as executive chairman in June. Hackett, who was named executive chairman in May, had been CEO since 2003 and chairman since January 2006. Hackett also served as president from December 2003 to February 2010. Walker joined Anadarko in 2005 as senior vice president and CFO, and he also was formerly COO. In connection with Walker’s election, and “consistent with industry best practices,” the board has enhanced the duties of the lead director to ensure that Anadarko “maintains a corporate governance structure with appropriate independence.”

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