Chase retiring from BP’s board, to be replaced by Olver

Petroleum News Alaska Staff

BP p.l.c. said Jan. 9 that Rodney Chase, 59, will retire from the company April 23. He has stepped down as deputy chief executive and until his retirement will be senior advisor to the group chief executive, Lord Browne.

Paying tribute to Chase, Lord Browne said: “Over the course of his 38-year career Rodney has made an outstanding contribution to BP. He has played a critical part in all the major developments of recent years that have transformed the company into one of the world’s leading energy businesses.”

Richard Olver, 56, succeeds Chase as deputy chief executive. He will hold accountability for health, safety and the environment, human resources management, marketing, technology and digital business. He will have regional responsibility for Europe (including Russia), the Middle East, Africa and the Americas.

Tony Hayward, 45, succeeds Olver as chief executive of exploration and production.

Hayward, John Manzoni, 43, chief executive of refining and marketing, and David Allen, group chief of staff, will become managing directors of the group effective Feb. 1. Allen, 48, will be accountable for economics and planning, corporate communications and senior management education.