Anadarko Announces Senior Management Changes.Business/Energy Editors HOUSTON--(BUSINESS WIRE)--Aug. 10, 2001 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. ) today announced several senior management changes that reflect the company's growth and continued emphasis on its core business of exploration and production. "We're focusing our best people and talent on what we do best -- finding and producing oil and natural gas -- and preparing for our future growth," said Anadarko Chairman and Chief Executive Officer Robert J. Allison, Jr. Exploration and Production Bill Sullivan is promoted to executive vice president, exploration and production. He will assume responsibility for the company's exploration, development and production operations worldwide, including the significant operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. for Canada and Algeria. "Naming Sullivan to the role of executive vice president over both exploration and production will help deliver on Anadarko's goals for production and asset growth by more closely aligning exploration and operations," Allison explained. Sullivan joined Anadarko in 1981 and was promoted to a vice president in 1993. He has held numerous executive positions, including roles as vice president for the company's U.S. and Algerian operations and assumed his previous position -- vice president, operations, international, Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , Alaska -- in 2000. Sullivan will report to John Seitz, Anadarko president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Rex Alman, currently vice president, domestic operations, is promoted to senior vice president, domestic operations. He will continue to oversee Anadarko's U.S. operations and will assume responsibility for offshore Gulf of Mexico as well. Alman will continue to be based in Houston. Alman began his career with Anadarko in 1976 as an evaluation engineer and has held positions of increasing responsibility since that time. He was named vice president in 1990 and assumed his previous position as vice president, domestic operations in 1997. Jim Emme, currently vice president, Canada, has been named vice president, exploration and will assume responsibility for the company's worldwide exploration efforts. He will transfer from Calgary to Houston. Emme joined Anadarko in 1981 and was named manager of geology for Anadarko's Algerian operations in 1990. He has held a variety of management positions in exploration and was named vice president of Canada in 2000. Bob Daniels, currently manager, onshore exploration, is promoted to vice president, Canada. He will transfer to Calgary. Daniels joined Anadarko in 1985 as an exploration geologist and has held a number of management positions, most recently as manager of exploration/exploitation for U.S. onshore. Daniels also has held posts with Anadarko in Denver, London and Algeria. Alman, Emme and Daniels will report to Sullivan, as will Tony Meyer, vice president of Algeria The President is the head of state and chief executive of Algeria, as well as the commander-in-chief of the Algerian armed forces. Powers The President is the chairman of the Council of Ministers and the High Security Council. , and Mark Pease pease n. pl. pease or peas·en Archaic A pea. [Middle English; see pea. , vice president of technology and engineering. Anadarko also announced executive organizational changes in business development, strategy, planning and marketing functions. "Anadarko has experienced tremendous growth over the last year and the strategic decisions we're making today serve to elevate el·e·vate tr.v. ele·vat·ed, ele·vat·ing, ele·vates 1. To move (something) to a higher place or position from a lower one; lift. 2. To increase the amplitude, intensity, or volume of. 3. the planning, marketing and new business development roles of the leaders who will shape our future growth and direction," Allison added. Business Development The company announced that Bruce Stover stover stalks of maize plants from which mature corn cobs have been harvested as grain, or grain sorghum plants from which heads have also been removed. The stover is usually fed by turning the cattle into the field and is subject to fungal infection, sometimes causing mycotoxicosis. is promoted to senior vice president, worldwide business development. He will continue in his current role of directing the company's new business initiatives and will report to John Seitz. Stover was previously vice president, worldwide business development. "While most of the company is fully engaged in managing our existing assets, Bruce's business development team is working on where Anadarko will be in the future," Allison said. "Bruce will continue to be engaged in evaluating and securing targeted new business initiatives -- including mergers, acquisitions and joint ventures -- as well as other creative alliances that will further strengthen and balance our worldwide portfolio." Stover joined Anadarko in 1980 as a chief engineer. He has held a variety of management positions since then, including serving as general manager of the company's Algerian operations. He was named vice president, acquisitions in 1993. Stover will report to John Seitz. Strategy and Planning Michael D. Cochran, Ph.D., is promoted to senior vice president, strategy and planning, where he will assume responsibility for the company's long-range strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. efforts. Cochran was vice president, exploration. "Mike has been a vital asset to our exploration program, and I am looking forward to extending his energy and expertise into the role of shaping the company planning efforts, which will help mold our future direction," Allison added. Cochran joined Anadarko in 1987 as chief geophysicist ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. and has held several managerial positions in various exploration areas. He was promoted to vice president, exploration in 1997. Cochran will report to John Seitz. Marketing and Minerals Richard J. Sharples is promoted to senior vice president, marketing and minerals. "This promotion will enable Dick to continue to focus on our important marketing efforts and at the same time assume responsibility for the minerals operations, which are a key asset base for Anadarko," said Allison. Sharples has more than 25 years in the energy industry. He joined Anadarko in 1992 and is the former chairman of the Natural Gas Supply Association and the Natural Gas Council. He was previously vice president, planning and marketing, and in his new position will maintain responsibility for marketing the company's natural gas and crude oil operations. Sharples will report to Mike Rose, chief financial officer. Anadarko Petroleum Corporation is the largest independent exploration and production company in the world, with proved reserves proved reserves The quantity of minerals expected to be recoverable under current economic and operating conditions. The amount of proved reserves is important in valuing the stock of a company with significant holdings in natural resources. of more than 2 billion barrels of oil equivalent and reported daily production of 570,000 barrels equivalent in the second quarter of 2001. Domestically, it is the most active driller in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and has operations in Texas, Louisiana, the Mid-Continent and Rocky Mountain regions The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. , Alaska and the Gulf of Mexico. Internationally, it is active in Canada, Algeria, Tunisia, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. , Venezuela, Georgia and the North Atlantic. www.anadarko.com |
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