Anadarko in leadership shake-up

U.S. oil and gas company Anadarko Petroleum Corporation has conducted a consolidation of its leadership structure.

Anadarko said on Wednesday that the management changes were aligned with the strategic direction the company has taken.

“Since the beginning of 2015, Anadarko has sold nearly $7.5 billion of non-core assets to reposition and focus its business to deliver better returns and growth across commodity cycles,” the company said.

Anadarko added that, effective immediately, Danny Brown, the former executive vice president of international and deepwater operations, was named the EVP of U.S. onshore operations with responsibility for the company’s upstream and midstream activity in Colorado, Texas, Utah, and Wyoming.

Mitch Ingram, former EVP for global LNG, was named the EVP of international and 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.

Also, the company announced Ernie Leyendecker, the former EVP of international and deepwater exploration, was named the EVP of exploration with responsibility for the company’s worldwide exploration efforts. U.S. onshore exploration was also combined with Leyendecker’s duties, consolidating all of the company’s exploration activities under his direction.

Brad Holly, the former EVP of U.S. onshore exploration and production, is leaving the company to pursue other interests.

Al Walker, Anadarko chairman, president, and CEO, said: “We have successfully narrowed the focus of our business and concentrated development activities in world-class material, scalable assets. 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.

“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.”

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Posted on October 5, 2017 with tags .

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