Printer Friendly

BP BOARD ANNOUNCEMENTS

 BP BOARD ANNOUNCEMENTS
 CLEVELAND, Feb. 19 /PRNewswire/ -- The Board of The British


Petroleum Company p.l.c. announced today that Sir Campbell Fraser and Ray Knowland, who is past normal retirement age, will retire from the Board on March 20, 1992. Sir Campbell has been a non-Executive Director of the Company since 1978 and Knowland (61) was appointed a Managing Director in 1990.
 In addition, The Board announced that James H. Ross (53) intends to resign as a Managing Director, effective March 20, 1992 to join Cable and Wireless plc as Chief Executive. Ross is presently Chairman and Chief Executive Officer of BP America Inc. in Cleveland.
 The Board intends to appoint Steve Ahearne (52) and Rodney F. Chase (48) as Managing Directors with effect from March 21, 1992. Ahearne will retain his title of Chief Financial Officer and Chase, presently Chief Executive, Western Hemisphere for BP Exploration, will be appointed Chairman and Chief Executive Officer of BP America Inc.
 It is also intended to appoint Dr. Karen N. Horn (48) as a non-Executive Director of the Company with effect from March 21, 1992. Horn is Chairman and Chief Executive Officer of Bank One, Cleveland, NA which is headquartered in Cleveland, and previously President of the Federal Reserve Bank of Cleveland.
 The Board intends to appoint Bryan Sanderson (51) as Managing Director with effect from April 17, 1992. Sanderson will retain his existing appointment as Chief Executive of BP Chemicals. This will require shareholders' approval of a change to the Articles of Association concerning the number of Directors on the Board.
 -0- 2/19/92
 /CONTACT: Ian W. Fowler of BP, 216-586-4976/ CO: BP America ST: Ohio IN: OIL SU: PER


CG -- CL008 -- 0444 02/19/92 12:15 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 19, 1992
Words:290
Previous Article:INTEGRATED CIRCUIT SYSTEMS ACHIEVES MILESTONE WITH SHIPMENT OF ITS 10 MILLIONTH VIDEO TIMING IC
Next Article:INTERPUBLIC BOARD RECOMMENDS AN INCREASE OF AUTHORIZED STOCK
Topics:


Related Articles
BP DIVIDEND ANNOUNCEMENT
BP DIVIDEND ANNOUNCEMENT
THE BRITISH PETROLEUM COMPANY p.l.c. BOARD CHANGES
BRITISH PETROLEUM APPOINTS NEW DEPUTY CHAIRMAN
BP BOARD CHANGES
BP Board Announcement.
BP Board Announcement.
Fresh start for BP chief; In association with RBS.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters