Seagull Energy’s board has elected James T. Hackett as its newpresident and CEO, and its future chairman. Hackett, 44, has beenpresident of Duke’s Energy Services Division. Prior to that he wasexecutive vice president of PanEnergy.
He will succeed Barry J. Galt, who has been chairman and CEOsince 1983. Galt will continue to serve as chairman for theremainder of the year before being elected vice chairman, at whichtime Hackett will assume the additional position of chairman.
“This announcement represents the culmination of an exhaustivesearch to find the right candidate to lead Seagull into the nextcentury,” said Galt. “His extensive knowledge of all facets of theenergy industry, as well as his proven leadership and track recordin pursuing strategic growth opportunities, are exactly whatSeagull needs to expand its asset base and increase its shareholdervalue.”
Hackett has held a variety of positions in finance, marketingand engineering in the exploration and production and midstreamsectors of the industry for Amoco, Burlington Resources and NGCCorp. (now Dynegy). He also currently serves as a director of NuevoEnergy. He holds a BS degree in finance from the University ofIllinois and a MBA from Harvard University.
Houston-based Seagull is an international oil and natural gascompany engaged in exploration and production in the United States,Egypt, Cote d’Ivoire, Indonesia and the Russian Republic ofTatarstan.
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