Anadarko Petroleum Corp. has named Al Walker, the company’s current president and COO, to the post of CEO to replace current CEO Jim Hackett, who will stay on as executive chairman. Hackett became CEO in December 2003. The change will take effect May 15 at the company’s annual meeting. Walker will stand for election to Anadarko’s board of directors at that time. “Throughout his time with the company, Al has demonstrated an exceptional ability to create value for Anadarko, resulting in some of the company’s most noteworthy accomplishments,” said Hackett. “Al has been a member of the company’s executive management team since joining Anadarko in 2005 and has been integral to the company’s major strategic and tactical decisions over that period.” Walker, 55, has more than 30 years of experience in the energy industry, with a focus on exploration and production. “We see very little change as it relates to the day-to-day operations at [Anadarko],” Wells Fargo Securities analysts said of the CEO appointment.
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