Allison Named CEO of Anadarko Petroleum.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--March 25, 2003 Anadarko Petroleum Corporation Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. (NYSE NYSE See: New York Stock Exchange :APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) announced today that effective immediately Robert J. Allison, Jr., Chairman of the Board of Directors of Anadarko, has been named to the additional position of President and Chief Executive Officer. Allison, 64, succeeds outgoing President An outgoing president is a president or, generally, other head of state or government when he holds office between the election of his successor and the inauguration by which that successor assumes power. and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. John N. Seitz, who has resigned effective today. Seitz also resigned as a director of Anadarko. Allison served as CEO of Anadarko from 1986 to 2001 and has served as Chairman of the Board since Anadarko became an independent company in 1986. Allison was named to the Anadarko Board and elected President of the company in 1976. He joined Anadarko in 1973 as Vice President of Operations. Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Houston-based Anadarko is active in the U.S., Canada, Algeria and Qatar and is executing strategic exploration programs in several other countries. More information is available at www.anadarko.com. |
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