Russian
TNK-BP appoints Kent Potter CFO
Posted: 22 June 2003
BP and Alfa-Access-Renova Group (AAR) announced further appointments
to the management team of TNK-BP.
These appointments, numbering 63 in all, will take effect upon
formation of the new company; expected some time later this summer.
The senior leadership group has been finalised by the following
appointments.
Mr. C. Kent Potter is appointed to the position of Chief Financial
Officer. Mr. Potter is currently serving as Senior Vice President
and CFO for ChevronPhillips Chemicals Company and will initially
join TNK and then transfer to TNK-BP on day one of the new company.
Mr. Potter has previously held senior positions with Chevron in
the United States, the United Kingdom, and Kazakhstan.
Also, as the integration process evolved, adjustments have been
made to the TNK-BP management structure. Mr. Viktor Vekselberg,
Chairman of the TNK Management Board, will serve in the role of
Chief Operating Officer in a transitional role, with Mr. Larry McVay
appointed Deputy Chief Operating Officer (currently serving as BP
Vice President, Upstream Technology).
Mr. Vekselberg will work with Mr. McVay to share his experience
and business relationships during Mr. McVay's transition into the
C.O.O. role. BP and AAR wish to express their appreciation for the
significant contribution made by Mr. Lawrence Smyth as President
of SIDANCO and as a key player during the integration process.
Together with the senior leadership announced in March, the new
appointments mark an important step in the formation of TNK-BP.
They have been a result of great dedication, commitment and co-operation
from team members from all three companies involved in the integration
process. Pending the required regulatory and Board approvals; TNK-BP
now has a complete management team - a team comprising a blend of
the best leadership talent from TNK, SIDANCO and BP.
TNK-BP President and CEO elect Robert Dudley said; "I believe
the structure we have developed for TNK-BP through an exhaustive
and co-operative integration process has created a very strong foundation
for the future success of TNK-BP. I am also delighted that we have
secured such outstanding quality and depth in our new management
team. I look forward to the next round of appointments in the coming
month."
Posted by Richard Price,
Editor Pipeline Magazine
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