Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,417.53 -0.15 -0.00%
TOPIX 1,166.59 0.04 0.00%
HANG SENG 22,760.24 64.23 0.28%

BP PLC BP. BP appoints new Upstream head



  BP PLC (BP.) - BP appoints new Upstream head

RNS Number : 9080R
BP PLC
23 November 2012
 



press release

 

23 November 2012

                                       

                        BP appoints new Upstream head

 

BP today  announced  the  appointment  of  Lamar  McKay  as  Chief  Executive, 
Upstream. He will take up the position with effect from January 1, 2013.

 

In his new role, McKay will  lead BP's combined Upstream business,  comprising 
the Exploration,  Developments  and  Production divisions  together  with  the 
Upstream strategy and integration team.

 

These Upstream  functional divisions  were  formed in  late  2010 in  a  major 
re-organisation of BP's Upstream segment  designed to improve risk  management 
and implementation of global standards.  They currently report directly to  BP 
Group Chief Executive Bob Dudley.

 

Their current structure and  management teams will  remain unaffected by  this 
change in segment leadership.

 

McKay, who will be based in London, will report to Bob Dudley and is already a
member of BP's executive management team.

 

He is currently Chairman  and President of  BP America -- a  role he has  held 
since early 2009 -- serving as BP's chief representative in the United  States 
and also overseeing BP's Gulf Coast restoration work. 

 

McKay has a petroleum  engineering background and has  served in a variety  of 
operational and  commercial  roles globally,  during  his 32  years  with  the 
company.

 

Commenting on the appointment Bob Dudley said:

 

"During the past two years, we have successfully introduced a more centralised
organisation to  our  Upstream; BP's  largest  organisational change  for  two 
decades. I  believe  it is  now  timely and  appropriate  to appoint  a  fully 
dedicated chief executive to this, our largest business.

 

"Lamar is an outstanding  leader, with a proven  record of strong  operational 
effectiveness and strategic  success. His  leadership of BP  America over  the 
past three years has  been exemplary, during a  most difficult period for  our 
company. His long  and deep  experience in  the upstream,  and of  the US  and 
Russia, will be invaluable as we deliver our Upstream strategy worldwide."

 

McKay's successor as Chairman and President of BP America will be announced at
a later date.

 

Notes to editors:

 

·      Biography of Lamar McKay is attached.

 

 

Further information:

 

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

 

 

                                  -- ENDS --

 

 

Lamar McKay

 

Chairman and President BP America, Inc.

 

Lamar McKay, 53,  is BP's  chief representative in  the United  States. He  is 
based in  Houston, Texas  where BP  business  units are  involved in  oil  and 
natural gas  exploration  and  production,  refining,  chemicals,  supply  and 
trading, pipeline operations, shipping  and alternative energy.  He is also  a 
member of the BP executive management team.

 

Education: Degree in Petroleum Engineering (Magna Cum Laude) from  Mississippi 
State University and an Executive MBA from Indiana University.

 

Career: Lamar  started his  career in  1980 at  Amoco Production  Company  and 
worked broadly  across the  upstream businesses.  In 1993,  he became  General 
Manager of the Arkoma Basin, and in 1997 moved into the role of Business  Unit 
Leader of the Gulf of Mexico Shelf.

 

During 1998-2000,  he worked  on the  BP-Amoco merger  and served  as Head  of 
Strategy and Planning -  Worldwide Exploration and Production  for BP plc.  in 
London. In 2000, he became Business Unit  Leader for the Central North Sea  in 
Aberdeen,  Scotland,  and  subsequently  as  Chief  of  Staff  for   worldwide 
Exploration and Production. In 2002, Lamar moved to become Chief of Staff  for 
the BP Deputy Group Chief Executive.

 

Lamar became Group Vice President, BP  plc. for Russia & Kazakhstan in  London 
in 2003, where he was responsible for BP's Upstream and Downstream  businesses 
in Russia and  Kazakhstan including the  formation and ongoing  responsibility 
for the TNK-BP JV in 2003. He served as a member of the Board of Directors  of 
TNK-BP Limited from February 2004 to May 2007, and served as Vice-Chairman  of 
the TNK-BP Remuneration and Compensation Committee.

 

In May 2007, Lamar moved to Houston and assumed the role of Senior Group  Vice 
President BP  plc.  and  EVP,  BP  America.  In  this  role,  Lamar  led  BP's 
negotiations on the Texas  City Refinery, Prudhoe Bay  Field in Alaska and  US 
Trading business settlements.

 

In June 2008, Lamar became Executive  Vice President, BP plc Special  Projects 
focusing on Russia, where  he most recently led  negotiations on behalf of  BP 
involving the partners in the integrated Russian JV oil company TNK-BP.

 

In January 2009 Lamar was appointed Chairman and President of BP America, Inc.
and is BP's chief  representative in the United  States. He is also  Executive 
Vice President  of  BP  plc  and  a member  of  the  group  chief  executive's 
committee.

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
MSCXXLFLLFFBFBV -0- Nov/23/2012 13:11 GMT
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement