Anadarko CEO Steps Down

CEO Jim Hackett to resign
Anadarko Petroleum's chief executive says he will step down in May for personal reasons.

CEO Jim Hackett said that he will resign “to consider other avenues for personal and professional growth.” Hackett will depart gradually, moving to a newly created position of executive chairman before retiring in 2013.

Hackett has been at the helm of The Woodlands-based Anadarko since 2003. He was in charge when the company was a minority owner of the Gulf of Mexico well that created the worst offshore oil spill in U-S history in April 2010.

Al Walker, currently Anadarko’s president and chief operating officer, has been tapped to replace Hackett. The leadership changes will take effect on May 15.

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Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...