Energy and power-focused private investment firm Riverstone Holdings LLC has added former Anadarko Petroleum executive James T. Hackett to the firm as a partner and co-head of the Houston office. From 2003 to 2012, Hackett was CEO of Anadarko Petroleum, where he served as chairman of the board of directors from 2006 to 2013.
David M. Leuschen and Pierre F. Lapeyre, Jr., co-founders of Riverstone, said, “Jim Hackett is among the most knowledgeable and experienced leaders in the global oil and gas industry today. He helped lead the unconventional energy revolution in North America and has extensive expertise in building upstream companies both onshore and offshore as well as unique experience in global deepwater exploration. We have been proud to know him for many years and are extremely pleased that he has joined Riverstone. Jim will work closely with our existing investment team and portfolio companies while helping us continue to source, build and manage new investment opportunities on behalf of our limited partners and to help us continue to identify and attract talented operating management teams.”
Hackett said, “Riverstone is one of the most successful and respected private investment firms in the energy industry. I look forward to working with its talented professionals, investors, and clients to fulfill the tremendous capital and management needs of the global energy business and to helping Riverstone continue to build upon its successful investment track record. I also very much appreciate the Riverstone founders accommodating my pre-existing plans to attend Harvard Divinity School."
Hackett stepped down from Anadarko on June 4, 2013 as part of a long-planned succession process. Earlier in his career, he was chairman and CEO of Ocean Energy and, after that, president and COO of Devon Energy. He holds a Bachelor of Science degree from the University of Illinois and a Master of Business Administration from Harvard University.
With offices in New York, London and Houston, the firm has committed approximately $22.3 billion to 99 investments in North America, Latin America, Europe, Africa and Asia.