BP
announces Board change
Posted: 24 March 2004
The board of BP announced Mr. Dick Olver will relinquish his role
as deputy chief executive and will step down from the board on July
1, 2004.
Mr. Olver, who has been with BP for 30 years, will be retiring
from the company to take up the position of chairman of BAE Systems
plc.
He will, however, continue his association with BP. As from May
2004, he will succeed Mr Rodney Chase as a director on the Board
of TNK-BP, taking the office of deputy chairman, and will be engaged
on a consultancy basis upon his retirement from BP.
Mr. Olver 57, joined BP in 1973 and has held a number of senior
management roles, most recently managing director of Exploration
and Production from January 1998 and deputy chief executive since
January 2003. Mr. Olver's responsibilities will be absorbed by other
managing directors.
Peter Sutherland, chairman of BP, said: "We are very sorry
to lose Dick. He has had an excellent career with BP and made a
major contribution to the Group's continued success."
For more information see http://www.bp.com
Posted by Richard Price,
Editor Pipeline Magazine
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