BP PLC Directorate Change (1540J)
December 18 2020 - 4:10AM
UK Regulatory
TIDMBP.
RNS Number : 1540J
BP PLC
18 December 2020
press release
18 December 2020
BP announces non-executive director
appointments and retirements
BP plc ("bp") today announced the appointment to its board of
Karen Richardson and Johannes Teyssen as non-executive directors.
The appointments will take effect from 1 January 2021.
Karen Richardson is currently a director of both Artius
Acquisition Inc., a special purpose acquisition company, having
been appointed this year, and, since 2013, Exponent Inc., the
engineering and scientific consulting company. Ms Richardson, a US
national based in Florida, has previously been a director of
Worldpay Inc. (previously Worldpay Group plc) and of BT plc.
Following the conclusion of the 2021 Annual General Meeting, Ms
Richardson will become a member of the audit committee.
Johannes Teyssen is currently the CEO and Chairman of the
management board of E.ON SE, the major international energy
supplier - a post he has held since 2010. Dr Teyssen, a German
national based in Dusseldorf, has previously been a director of
Deutsche Bank AG. On joining the bp board he will become a member
of the safety and sustainability committee (formerly known as the
safety, environment and security assurance committee).
bp also today confirmed the previously announced retirement from
the board of Sir Ian Davis with effect from 30 December 2020.
Additionally, Brendan Nelson will retire from the board at the
conclusion of bp's Annual General Meeting on 12 May 2021, at which
time Tushar Morzaria will succeed him as chair of the audit
committee.
Helge Lund, chairman of bp, said: "On behalf of the board, I am
delighted to welcome Karen and Johannes to bp. Karen brings
exceptional knowledge of digital, technology, cyber and IT security
matters from her career working with innovative companies in
Silicon Valley. With long experience and a decade at the helm of
one of Europe's largest energy companies, Johannes brings deep
knowledge of the sector and its continuing transformation.
"Together with Tushar's appointment earlier this year, their
appointments are part of our planning to strengthen the composition
of the board as some of our longer-serving directors retire. As bp
works to transform into an integrated energy company, I am
confident that the skills, experience and diversity they bring will
further enhance the board's ability to support and oversee the
delivery of our new strategy.
"The board would like to thank both Ian and Brendan for their
very significant contributions and steadfast commitment to bp over
many years. And, in particular, I wish to thank them for their
great support to both me and Bernard Looney during the recent
leadership and strategy transition."
At the date of this announcement, Karen Richardson holds no
ordinary shares in bp, and Johannes Teyssen holds 20,000 ordinary
shares in bp. Pursuant to Listing Rule 9.6.13R, it is confirmed
there are no other disclosures required in addition to the above
information.
Further information
bp press office, London: bppress@bp.com , +44 (0)7831 095541
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END
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