Anadarko Petroleum Corp. (NYSE: APC) announced Wednesday that the petroleum company has adding another role to Chief Operating Officer Al Walker by naming him president, according to Associated Press.
The position was previously held by Chairman and CEO Jim Hackett, who will maintain those titles.
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Walker joined the company in 2005 as a senior vice president chief financial officer, eventually rising to COO in early 2009.
Anadarko said Walker was instrumental in several key acquisitions for the company. In 2006, the company acquired two smaller competitors, Kerr-McGee Corp. and Western Gas Resources Inc., for $21 billion. Three months later, it sold its Canadian subsidiary for about $4.24 billion, and then its interest in 28 Permian Basin oil fields in West Texas for $1 billion
Shares of Anadarko Petroleum Corp. rose 64 cents to $68.56.
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