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BP's Byron Grote to retire

Staff writer | London, Unitrd Kingdom | February 8, 2013
Byron GroteFebruary 8, 2013, London, Unitrd Kingdom - BP plc announced that Byron Grote has elected to retire from the company and will step down from the board, effective April 11, 2013.
Mr. Grote joined The Standard Oil Company of Ohio in 1979 and in 1985 became director of planning for The Standard Oil Company’s mining subsidiary, Kennecott. In 1986, he was appointed vice president, retail marketing.

In 1988, Mr. Grote became commercial vice president for BP’s Alaskan North Slope production activities. A year later, he was appointed commercial general manager of BP exploration, based in London. He became group treasurer and chief executive officer of BP finance, then he took up the position of regional chief executive in Latin America, and after that he returned to to take up his appointment as deputy chief executive officer of BP exploration.

Mr. Grote became group chief of staff in 1997 and, following the merger of BP and Amoco, in 1999 he was appointed executive vice president, exploration and production. Between 1999 and 2000, he was responsible for directing the acquisition of ARCO and managing the integration of its operations into BP. Following his appointment to the board in 2000, he served for two years as chief executive of BP Chemicals and then as BP's chief financial officer for nine years.

Mr. Grote is a non-executive director of Unilever NA and Unilever plc and a member of the Cornell University Johnson Graduate School of Management Advisory Council. He has PhD in Quantitative Analysis from Cornell University.


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