HOUSTON, Oct. 4, 2017 /PRNewswire/ -- Anadarko Petroleum
Corporation (NYSE: APC) today announced a consolidation of its
leadership structure. Since the beginning of 2015, Anadarko has
sold nearly $7.5 billion of non-core
assets in order to reposition and focus its business to deliver
better returns and growth across commodity cycles. These management
changes align with the evolution of the portfolio and strategic
direction the company has taken.
Effective immediately, Danny
Brown, formerly Executive Vice President (EVP),
International and Deepwater Operations, has been named EVP, U.S.
Onshore Operations, with responsibility for the company's upstream
and midstream activity in Colorado, Texas, Utah
and Wyoming. Mitch Ingram, formerly EVP, Global LNG, has been
named EVP, International & Deepwater Operations and Project
Management, overseeing Anadarko's development and production
activities in Algeria,
Ghana, the Gulf of Mexico and Mozambique. Ingram will also assume
responsibility for the company's worldwide project-management and
construction activities. In addition, the company announced
Ernie Leyendecker, formerly EVP,
International and Deepwater Exploration, has been named EVP,
Exploration, with responsibility for the company's worldwide
exploration efforts. U.S. onshore exploration is being combined
with Leyendecker's prior duties, consolidating all of the company's
exploration activities under his direction. Brad Holly, formerly EVP, U.S. Onshore
Exploration and Production, is leaving the company to pursue other
interests.
"By consolidating our leadership structure, we expect to achieve
greater consistency and results across the organization with regard
to operational execution, health, safety, and environmental
performance, and project management," said Al Walker, Anadarko Chairman, President and CEO.
"We have successfully narrowed the focus of our business and
concentrated development activities in world-class material,
scalable assets. Consistent with this approach, our executive
management team needed to contract accordingly. Anadarko will
continue to direct most of its investing toward our short- and
intermediate-cash-cycling opportunities in the U.S. onshore and
tieback opportunities in the Gulf of
Mexico, while continuing to build longer-term value through
our emerging LNG business and selective deepwater exploration. We
expect the operating environment for our industry to remain
volatile and, through our increasing use of technology to enhance
safety and improve efficiencies to optimize our exceptional asset
footprint, we are very well positioned to manage across cycles.
Along with my congratulations to Danny, Mitch and Ernie, I want to
express my appreciation to Brad for his 20 years of service and
contributions to Anadarko. We wish him all the best as he moves
forward in his career."
Brown began his career with the company in 1998. Prior to
serving as EVP, International and Deepwater Operations, he held a
variety of positions within Anadarko, including: Sr. Vice
President, International and Deepwater Operations; Vice President,
Operations for Anadarko's Southern and Appalachia Region; Vice
President, Corporate Planning; General Manager of the Maverick
Basin and the company's Freestone/Chalk area (U.S. onshore);
Business Advisor for Planning and Reserves Administration in the
Gulf of Mexico; and engineering
roles in both the U.S. onshore and the Gulf of Mexico. He holds a Bachelor of Science
in mechanical engineering from Texas A&M
University and an MBA from Rice
University, where he was a Jones Scholar Award recipient.
Brown is a registered Professional Engineer in the state of
Texas and serves on the Board of
Advisors at the World Affairs Council.
Ingram has more than 30 years of experience in the oil and
natural gas industry and joined Anadarko in 2015 as EVP, Global
LNG. Prior to joining the company, Ingram worked with BG Group,
where he served as a member of the company's Executive Committee in
the role of Executive Vice President – Technical. He also held
positions of increasing responsibilities with BG Group's LNG
project in Queensland Australia,
where he was the Managing Director of QGC. Prior to BG, Ingram was
with Occidental Oil & Gas for 20 years, where he held several
U.K. and international positions in project management,
developments and operations. He holds a bachelor's degree in
mechanical engineering from Robert Gordon University.
Leyendecker has more than 30 years of experience and joined the
company in 2002. He most recently served as EVP, International and
Deepwater Exploration. During his career, Leyendecker has held
positions of increasing responsibility including: Sr. Vice
President, International Exploration; Sr. Vice President, Gulf of
Mexico Exploration; Vice President of Corporate Planning; and
General Manager for Worldwide Exploration Engineering, Planning and
International Negotiations. He holds a Bachelor of Science in
petroleum engineering from Texas A&M
University. He is a member of the Society of Petroleum
Engineers, the Association of Petroleum Geologists and the Houston
Geological Society.
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Anadarko Petroleum Corporation's mission is to deliver a
competitive and sustainable rate of return to shareholders by
exploring for, acquiring and developing oil and natural gas
resources vital to the world's health and welfare. As of year-end
2016, the company had 1.72 billion barrels-equivalent of proved
reserves, making it one of the world's largest independent
exploration and production companies. For more information about
Anadarko and APC Flash Feed updates, please visit
www.anadarko.com.
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Anadarko
believes that its expectations are based on reasonable assumptions.
No assurance, however, can be given that such expectations will
prove to have been correct. A number of factors could cause actual
results to differ materially from the projections, anticipated
results or other expectations expressed in this news release,
including Anadarko's ability to successfully complete its
previously announced share-repurchase program; to meet operating
and production guidance; and to efficiently identify and deploy
capital resources. See "Risk Factors" in the company's 2016 Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and other
public filings and press releases. Anadarko undertakes no
obligation to publicly update or revise any forward-looking
statements.
Anadarko Contacts
MEDIA:
John
Christiansen, john.christiansen@anadarko.com,
832.636.8736
Stephanie Moreland,
stephanie.moreland@anadarko.com, 832.636.2912
INVESTORS:
Robin
Fielder, robin.fielder@anadarko.com, 832.636.1462
Andy Taylor,
andy.taylor@anadarko.com, 832.636.3089
Pete Zagrzecki,
pete.zagrzecki@anadarko.com, 832.636.7727
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SOURCE Anadarko Petroleum Corporation