The board of BP plc today announced that Brian Gilvary will join the board and become the company’s chief financial officer (CFO) with effect from 1 January 2012.
Byron Grote, the current CFO, will take up a new role as executive vice president, corporate business activities, on the same date. Dr Grote will also continue as a member of the board.
BP chairman Carl-Henric Svanberg said: “I am very pleased to welcome Brian to the board. His broad experience of BP gained over the past 25 years, most recently as deputy CFO, will make him a valuable addition to the board. On behalf of the board, I would also like to thank Byron for his substantial contribution as CFO over the past nine years — I look forward to continuing to work alongside him on the board. ”
Bob Dudley, BP chief executive added: “ I know Brian will bring his keen strategic awareness and deep technical strengths to the role of CFO. I am also particularly delighted that BP, and I personally, will continue to benefit from Byron’s long experience and wise leadership .”
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Source: BP, October 25, 2011