Anadarko Names Preston M. "Pete" Geren III to Board of Directors.HOUSTON -- 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 that its Board of Directors has elected Preston M. "Pete" Geren III to serve as an independent director of the company. Geren previously served as a director of the company from 2000 to 2005, resigning in order to accept an appointment as Acting Secretary of the U.S. Air Force. He most recently served as Secretary of the Army. "We are very fortunate that Pete has agreed to rejoin our Board," Anadarko Chairman 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. Jim Hackett said. "Pete's extensive government experience as a leader of our armed forces and a former member of Congress, as well as his experience as a businessman and attorney, make him a valuable addition to the Board that I believe will serve our stakeholders well." Geren, 57, was confirmed as Secretary of the Army in July 2007 and served until Sept. 16, 2009. Prior to that appointment, Geren served as Under Secretary of the Army from February 2006 until he was named Acting Secretary of the Army in March 2007. Geren served as Acting Secretary of the Air Force from July to November 2005. Geren joined the Department of Defense in September of 2001 to serve as Special Assistant to the Secretary of Defense with responsibilities in the areas of inter-agency initiatives, legislative affairs and special projects. Prior to joining the Department of Defense, he was an attorney and businessman in Ft. Worth, Texas. From 1989 until his retirement in 1997, Geren was a member of the U.S. Congress, representing the 12th Congressional District Noun 1. congressional district - a territorial division of a state; entitled to elect one member to the United States House of Representatives district, territorial dominion, territory, dominion - a region marked off for administrative or other purposes of Texas for four terms. In 1997, he was appointed to the Board of Directors of Union Pacific Resources (UPR UPR Upper UPR University of Puerto Rico UPR Universal Periodic Review (UN Human Rights Council) UPR Unia Polityki Realnej (Polish political party) UPR unfolded protein response ), where he served until UPR was acquired by Anadarko in 2000, at which time he joined Anadarko's Board. Geren was appointed to a term expiring in 2010, at which time he will be subject to election by Anadarko's stockholders. He will serve on the Board's Compensation and Benefits Committee and its Nominating and Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Committee. 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 2008, the company had approximately 2.3 billion barrels-equivalent of 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. , making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion