Al Walker, president and CEO of Anadarko Petroleum Corp., will become chairman of the board in mid-May.
Walker, 56, will succeed James T. Hackett, who will serve as executive chairman through the company’s 2013 annual stockholders meeting and retire from Anadarko in June. Hackett served as CEO for eight years before Walker took the helm.
Walker will continue to serve as president and CEO, positions he has held since May.
“The board has confidence that Al will be an effective chairman and lead the company in its commitment to achieving sustainable, long-term success for our stakeholders,” Hackett said in a statement.
Walker expressed thanks for the board’s confidence.
“Anadarko’s established culture, talented employees, deep portfolio and strong management team have positioned the company to continue delivering differentiating success for years to come,” he said.