TIDMBP.
RNS Number : 2594N
BP PLC
24 July 2014
press release
24 July 2014
Iain Conn leaving BP after 10 years on the board
BP today announced that Iain Conn, Group Managing Director and
Chief Executive, Downstream, is leaving the company and is to step
down from BP's board by the end of the year.
Conn has had a career of 29 years with BP, serving on the board
for the past 10 years and in his current Downstream role for the
past seven. The Downstream comprises BP's three main global
customer-facing businesses: Fuels, including refining; Lubricants
(principally under the Castrol brand); and Petrochemicals. Under
Conn's leadership, BP's Downstream segment has been repositioned
strategically and operationally. Conn also holds group regional
responsibilities for Europe, Asia and Southern Africa.
Conn will hand over the role of Chief Executive, Downstream to
Tufan Erginbilgic on 1 October 2014. Erginbilgic is currently Chief
Operating Officer for BP's fuels businesses globally, which
includes responsibility for BP's global refining function. He is an
engineer by training and has long experience in BP's Downstream
businesses, having previously led both BP's fuels and lubricants
businesses.
Conn's regional responsibilities for Europe and Asia will be
assumed by Dev Sanyal, BP's Executive Vice President, who is
appointed Executive Vice President, Strategy and Regions.
Carl-Henric Svanberg, Chairman of BP said: "As a member of BP's
board and leadership team for the past decade and more, Iain has
made a major contribution to shaping today's BP. I have greatly
enjoyed working with him during my time as Chairman and, on behalf
of the whole board, wish him the best for the future."
Bob Dudley, BP Chief Executive said: "Iain has led the
repositioning of BP's Downstream business over the past few years,
transforming and greatly strengthening both its portfolio and
performance - financially and also in terms of safety and
operations. He has been an invaluable member of the executive team
and, for me personally, a great support. He leaves with my very
best wishes."
Iain Conn commented: "Working for BP for the past 29 years has
been a wonderful experience and my time working with BP's
customer-facing businesses since 2007 has been both challenging and
greatly satisfying. It has been a privilege to lead the very
capable Downstream team in its achievements and to help shape BP's
agenda in key geographies."
Notes to editors:
Information on the terms of Iain Conn's departure can be seen
at:
http://www.bp.com/content/dam/bp/pdf/Press/iain_conn_employment_and_remuneration.pdf
Photographs of Messrs Conn, Erginbilgic and Sanyal are available
from the BP press office.
Biographical notes:
-- Iain Conn, 51, joined BP in 1986 and worked in a wide variety
of roles in BP's downstream and upstream businesses, before
becoming chief executive of BP Petrochemicals in 2002.
Following his appointment to the BP board in 2004, he served for
three years as Group Executive Officer, Strategic Resources. He was
appointed Chief Executive, Downstream in June 2007.
Iain is a non-executive director of BT Group plc and previously
served for nine years as a non-executive director at Rolls-Royce
Holdings plc, including seven years as senior independent director,
until May 2014. He is chairman of the advisory board of the
Imperial College Business School and a member of the Imperial
College Council.
He is also a fellow of the Royal Academy of Engineering, the
Royal Society of Edinburgh, the Institution of Chemical Engineers,
and the City and Guilds of London Institute.
-- Tufan Erginbilgic, 54, joined Mobil in 1990, transferring to
BP in 1997. He has held a wide variety of roles in the company's
refining and marketing businesses in Turkey, continental Europe and
London.
In 2006, he took up leadership of BP's lubricants business
before moving to head the Group Chief Executive's office. He was
appointed chief operating officer fuel value chains, Eastern
Hemisphere, in 2009.
Tufan took up his current role of Chief Operating Officer,
Fuels, in February 2014. He is accountable for BP's Fuels Value
Chains worldwide, including refining; Global Fuels businesses; and
the Refining Sales and Commercial Optimisation functions for
fuels.
Tufan is a non-executive director of GKN plc.
-- Dev Sanyal, 48, joined BP in 1989 and has held a variety of
international roles in London, Athens, Istanbul, Vienna and Dubai.
In November 2003, he was appointed chief executive officer of Air
BP before becoming head of the Group Chief Executive's office in
June 2006.
He was appointed group vice president and group treasurer in
2007. During this period, he was also chairman of BP Investment
Management Ltd.
In January 2012, he became Executive Vice President, and Group
Chief of Staff, with responsibility for strategy and long-term
planning, risk, economics, competitor intelligence, government and
political affairs, policy and group integration and governance.
Dev is a non-executive director of Man Group plc.
Further information:
-- BP press office, London +44 (0)207 496 4076, bppress@bp.com
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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