BP PLC — Board/Management Information 2009

Jun 25, 2009

News Details

Ad-hoc | 25 June 2009 08:37

BP SELECTS NEW CHAIRMAN

BP p.l.c. / Change of Personnel

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The issuer is solely responsible for the content of this announcement.

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press release

June 25, 2009

BP SELECTS NEW CHAIRMAN TO SUCCEED PETER SUTHERLAND

BP today announced that it has appointed Carl-Henric Svanberg, currently
chief executive officer of the Swedish telecommunications company,
Ericsson, to replace Peter Sutherland as chairman of BP.

Mr Svanberg, who is also chairman of Sony Ericsson and a non-executive
director of Melker Schörling AB, will join the BP board as
chairman-designate and a non-executive director on September 1, 2009.

He will step down at year-end after a seven-year tenure as Ericsson chief
executive and Sony Ericsson chairman and succeed Mr Sutherland as chairman
of BP on January 1, 2010. He will be based in London and devote the
majority of his time to BP business.

Mr Svanberg, 57, said: 'BP is a recognised world leader in the energy
sector and it's a great privilege to be invited to lead its board.
Following such a distinguished predecessor is quite a challenge but I'm
hugely excited about joining the energy industry which is so much at the
heart of the global economy. I look forward to it with relish.'

The search for the new chairman was conducted by the BP board's nominations
committee led by Sir Ian Prosser. The other committee members were Sir
William Castell, DeAnne Julius and Peter Sutherland. Sir Ian said the
process had been worldwide and exhaustive, producing candidates from the
UK, continental Europe and the US.

BP chief executive Tony Hayward said: 'Peter Sutherland has been an
outstanding chairman, guiding the company through one of the most
successful periods in its history. He will be a hard act to follow.

'But I am sure Carl-Henric will be a worthy successor. He is a businessman
of international stature who is recognised for his transformation of
Ericsson. Our shared views on many aspects of global business give me great
confidence that we will work very effectively together on the next phase of
BP's progress.'

Note to editors:

• A biography of Mr Svanberg is attached below and photographs are
  available from the BP press office

Further information:

• BP press office: +44 (0)20 7496 4076 or bppress@bp.com

• Ericsson Corporate Public & Media Relations: +46 10 719 69 92
  or press.relations@ericsson.com

Carl-Henric Svanberg, President and CEO, Ericsson

Carl-Henric Svanberg is chief executive officer and president of the
Ericsson Group, the world's leading provider of telecommunications
solutions and related services to mobile and fixed network operators.
Ericsson is the largest supplier of mobile communications technologies as
well as a leader in broadband solutions. Working in 175 countries, Ericsson
has more than 70,000 employees and generated revenue of USD 27 billion (SEK
209 billion) in 2008. The company was founded in 1876 and is headquartered
in Stockholm, Sweden. Svanberg joined Ericsson in April, 2003.

Svanberg was born 1952 in Porjus, in the north of Sweden. He graduated from
Sweden's Institute of Technology at Linköping University with a Master of
Science in Engineering and also holds a Bachelor of Science in Business
Administration from Uppsala University. In addition to this, Svanberg holds
honorary doctorates at Luleå University of Technology and Linköping
University in Sweden.

After graduation in 1977, he worked for Asea Brown Boveri (ABB) with
various foreign assignments within project exports. In 1986 Svanberg moved
to Securitas, the world-leading security company. After four years he was
appointed First Executive Vice President for the Securitas Group. In 1994,
he moved to the Assa Abloy Group as president and CEO.

Svanberg is chairman of Sony Ericsson Mobile Communications AB and serves
on the boards of the Confederation of Swedish Enterprise, Melker Schörling
AB and the University of Uppsala.

In addition to Svanberg's business track record, he is personally committed
to and an advocate for many corporate responsibility issues, including
human rights, climate change, and the United Nations' Millennium
Development Goals. He is also a member of the Steering Committee of The
Global Alliance for Information and Communication Technologies and
Development (GAID) and of the external advisory board of the Earth
Institute at Columbia University. He was recently awarded the King of
Sweden's medal for his significant contribution to Swedish industry.

Svanberg is married with three children.
25.06.2009 Financial News transmitted by DGAP

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Language: English
Issuer: BP p.l.c.
1 St James's Square
SW1Y 4PD London
Großbritannien
Phone: +44 (0) 207-496-4000
Fax: +44 (0) 207-496-4570
E-mail: ir@bp.com
Internet: www.bp.com
ISIN: GB0007980591
WKN: 850517
Listed: Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf; Open Market in Frankfurt; Foreign Exchange(s) SWX

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