The FINANCIAL -- Anadarko Petroleum Corporation announced its Board of Directors has promoted Al Walker, the company's President and Chief Operating Officer, to the position of President and CEO.

Jim Hackett, who was named Anadarko's CEO in December of 2003, will continue serving the company in the newly created position of Executive Chairman. The leadership changes will be effective May 15, 2012, in conjunction with the company's Annual Meeting. In addition, Walker will stand for election to the company's Board of Directors at that time.

As Executive Chairman, Hackett will continue to play an important role in the company's strategic direction, while being a spokesperson for the company and industry, as our nation works to develop a long-term, effective energy policy. According to Anadarko Petroleum Corporation, Hackett will serve as Executive Chairman through the company's Annual Meeting of Stockholders in 2013, and will retire from Anadarko in June 2013.

Walker, age 55, has more than 30 years of experience in the energy industry, with a focus on exploration and production. In more than six years with Anadarko, he has served in positions of increasing responsibility, including Sr. Vice President, Finance, Chief Financial Officer, Chief Operating Officer and President. Walker currently is a director of Centerpoint Energy and Western Gas Holdings, LLC, a subsidiary of Anadarko and general partner to Western Gas Partners, LP.

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