So this morning I'm watching Little Geek and Big Geek slicing away at the BOP at the bottom of the Gulf of Mexico and I started wondering. Who okay'd this procedure? This is the best solution they came up with? Something we've seen out of a Bruce Willis movie? And then my mind went on a tangent. What's up with these BP guys. I mean we've seen Tony out there with apparent foot in mouth disease but it seems to be rampant within BP's spokespeople. So just who are these guys? Want to find out? Jump the fold and you will get your answers...
http://www.bp.com/...
Carl-Henric Svanberg – Chairman of the Board
2009 Compensation: Unknown (aka way more than Tony’s I’ll wager) although he does receive a chairman’s fee of $1,085,438.07 usd
Mr Svanberg was appointed a non-executive director of BP on 1 September 2009 and, in succession to Mr Sutherland, became chairman of BP on
1 January 2010. He is chairman of the chairman’s and the nomination committees, and attends meetings of the remuneration committee.
Mr Svanberg spent his early career at Asea Brown Boveri and the Securitas Group, before moving to the Assa Abloy Group as president and chief executive officer.
From 2003 until 31 December 2009, when he left to join BP, he was president and chief executive officer of Ericsson, also serving as the chairman of Sony Ericsson Mobile Communications AB.
Mr Svanberg continues to be a non-executive director of Ericsson, and is also on the boards of the Confederation of Swedish Enterprise, Melker Schörling AB and the University of Uppsala.
He is a member of the Steering Committee of the Global Alliance for Information and Communication Technologies and Development and of the external advisory board of the Earth Institute at Columbia University.
Mr Svanberg is the recipient of the King of Sweden’s medal for his contribution to Swedish industry.
http://www.bp.com/...
"The US is a big and important market for BP, and BP is also a big and important company for the US, with its contribution to drilling and oil and gas production. So the position goes both ways," he said. – Financial Times 05/25/10
http://us.ft.com/...
Tony Hayward – Executive Director
Job title: Group Chief Executive
2009 Compensation (not including shares): $4,590,158.05 usd
Performance Based Shares
2009-2011 Potential Maximum Shares: 1,825,401
2006-2010 Potential Maximum Shares: 1,934,830
Market Value of shares at last award (02/11/09): 5.04 pounds = $7.38818 usd per share = $27,781,263,47 (potential maximum share value by 2011)
Option Shares
Expiring in 2012: 163,220
Expiring in 2011: 352,400
Expiring in 2010: 254,000 (220,000 of which he cashed out on 02/17/10 for $8.52 usd = $1,874,604.60)
Education: University of Edinburgh PH.D Geology 1982. He holds Honorary Doctorates from the University of Edinburgh, Aston University and the University of Birmingham.
Career: Tony joined BP in 1982 and began his career as a rig geologist in the North Sea. Following a series of technical and commercial roles in Europe, Asia and South America, he returned to London in 1997 as member of the Upstream Executive Committee. He became Group Treasurer in 2000, Chief Executive for BP’s upstream activities and member of the Main Board of BP in 2003. In May 2007, Tony was appointed Group Chief Executive of BP p.l.c.
External roles: He is a Member of the Business Council of Britain, a Member of Tsinghua Advisory Board, a Member of MIT Energy Advisory Board, Chair of GLOBE CEO Forum for Climate Change and a Trustee of the Emirates Foundation. He is a Companion of the Chartered Management Institute and a Fellow of the Royal Society of Edinburgh.
http://www.bp.com/...
Mr Hayward reiterated a promise that BP "will honour all legitimate claims for business interruption". Asked for examples of illegitimate claims, he said: "I could give you lots of examples. This is America — come on. We’re going to have lots of illegitimate claims. We all know that." - The Times 05/05/10
http://www.timesonline.co.uk/...
For a list on Tony's foot in mouth disease incidents check out this article from Daily Finance:
http://www.dailyfinance.com/...
Robert Dudley – Executive Director
Job Title: Managing Director
2009 Compensation (not including shares): $2,179,000 usd
Performance Based Shares
2009-2011 Potential Maximum Shares: 539,634
Market Value of shares at last award (5/06/09): 5.00 pounds = $ 7.23733 usd per share = $3,905,509.34 (potential maximum share value by 2011)
~ Dudley and Grote are getting paid in ordinary shares
Option Shares (these shares are based on NYSE value due to Amoco Merger)
Expiring in 2013: 17,835
Expiring in 2012: 17,835
Expiring in 2011: 7,533
Expiring in 2010: 1,800 (which was eligible for cash out on 03/27/10)
Key accountabilities: Robert (Bob) Dudley is a member of the BP board of directors and a member of the BP executive management team.
Other group responsibilities: He will assume responsibility for broad oversight of the group’s activities in the Americas and Asia.
Education: Degree in Chemical Engineering (University of Illinois, USA), MIM from Thunderbird School of Global Management (USA) and an MBA from SMU (USA).
Career: Bob joined Amoco Corporation in 1979, for whom he worked until its merger with BP in 1998. In his early career he held a variety of engineering and commercial posts in the US and UK. From 1987 he worked on the negotiation and development of projects in the South China Sea, following which he was involved in the restructuring of oil and gas research and development activities in the US.
Between 1994 and 1997 he was based in Moscow working on corporate development for both upstream and downstream businesses in Russia.
In 1997 he became general manager for strategy for Amoco and following the Amoco merger was appointed to a similar role in BP in 1999.
From 1999 – 2000 he was appointed executive assistant to the group chief executive officer, following which he was group vice president for BP’s renewables and alternative energy activities, with responsibilities for BP’s global solar business and wind and hydrogen activities. He then took up the role of group vice president responsible for BP’s upstream businesses in Russia, the Caspian Region, Angola, Algeria and Egypt.
In 2003, following the formation of TNK-BP – a joint venture between BP and Russian partners – Bob assumed the role of president and chief executive officer until December 2008.
Bob was appointed an executive director of the BP board on 6 April 2009 and is an executive vice president and a member of the executive management team.
External roles: Member of the Board of Fellows of the Thunderbird School of Global Management and a member of the Society of Petroleum Engineers.
http://www.bp.com/...
MR. GREGORY: So Tony Hayward should keep his job?
MR. DUDLEY: This is not ideal circumstance--I think Tony's doing a fantastic job. - Meet the Press 05/30/10
MTP Transcript (please read it if you didn't see it):
http://www.msnbc.msn.com/...
Byron Grote – Executive Director
Job title: Chief Financial Officer (aka The Penny Pincher)
2009 Compensation (not including shares): $3,458,000 USD
Performance Based Shares
2009-2011 Potential Maximum Shares: 992,928
2006-2010 Potential Maximum Shares: 2,536,748
Market Value of shares at last award (02/11/09): 5.04 pounds = $7.38818 usd per share = $26,077,881.63 (potential maximum share value by 2011)
Option Shares (these shares are based on NYSE value due to Amoco Merger)
Expiring in 2011: 58,333
Expiring in 2010: 70,773 (cashed out 45,000 shares on 02/17/10 @ $57.28 (low market value) = $2,577,600.00)
Expiring in 2009: 68,577
Expiring in 2010: 1,800 (which was eligible for cash out on 03/27/10)
Key accountabilities: Dr Grote is a member of the BP board of directors and a member of the BP executive management team.
Other accountabilities: He also has group accountability for BP's integrated supply and trading activities.
Education: PhD in Quantitative Analysis from Cornell University.
Career: Dr Grote joined The Standard Oil Company of Ohio in 1979 and in 1985 became director of planning for The Standard Oil Company’s mining subsidiary, Kennecott. In 1986, he was appointed vice president, retail marketing.
In 1988, Dr Grote became commercial vice president for BP’s Alaskan North Slope production activities. In 1989, he was appointed commercial general manager of BP exploration, based in London. He became group treasurer and chief executive officer of BP finance in 1992, directing the global finance operations of the BP group. In 1994, he took up the position of regional chief executive in Latin America. He returned to London in 1995 to take up his appointment as deputy chief executive officer of BP exploration.
He became group chief of staff in 1997, with responsibility for a number of corporate areas, including strategy, technology, IT, investor relations and solar. Following the merger of BP and Amoco, in 1999 he was appointed executive vice president, exploration and production. Between 1999 and 2000, he was responsible for directing the acquisition of ARCO and managing the integration of its operations into BP. Prior to his current position, he was Chief Executive of BP Chemicals from 2000 to 2002.
External roles: Byron is a non-executive director of Unilever NA and Unilever plc and a member of the Cornell University Johnson Graduate School of Management Advisory Council.
He was chairman of the Chemicals Innovation and Growth Team, a joint initiative of the UK Chemicals sector and the Department of Trade and Industry (2001 - 2002), vice-chairman of the UK Government's Public Services Productivity Panel (1998 to 2000), a member of the Economic Advisory Panel to the Governor of Guangdong Province (2002-2006), and a member of the UK Government's Asia Task Force (2005-2006).
He is currently a member of the Business – Government forum on Tax and Globalisation.
http://www.bp.com/...
Andy Inglis – Executive Director
Job title, Chief Executive, Exploration and Production
2009 Compensation (not including shares): $3,222,396.76 USD
Performance Based Shares
2009-2011 Potential Maximum Shares: 780,816
2006-2010 Potential Maximum Shares: 1,571,273
Market Value of shares at last award (02/11/09): 5.04 pounds = $7.38818 usd per share = $17,377,656.91 (potential maximum share value by 2011)
Option Shares
Expiring in 2014: 100,500
Expiring in 2013: 119,000
Expiring in 2012: 119,000
Expiring in 2011: 72,250
Expiring in 2009: 4,550 (which he cashed out on 02/28/09 for $7.03 usd = $508,140.30)
Key accountabilities: Andy is a member of the BP board of directors and a member of the BP executive management team.
Other group accountabilities: He is chief executive of BP’s exploration and production business and holds regional responsibility for Russia, the Caspian, the Middle East, North and West Africa, Canada, the Caribbean and South America, Indonesia and Vietnam.
Education: Andy gained an MA in engineering from Pembroke College, University of Cambridge.
Career: Andy joined BP Exploration in 1980, working on various North Sea projects. Following a series of commercial roles in exploration, he became chief of staff for BP Exploration in 1997. Later that year, he led BP’s activities in the deepwater Gulf of Mexico and in 1999 became vice president of the US western gas business. In 2004, Andy was appointed an executive vice president and deputy chief executive of exploration and production.
Andy succeeded Tony Hayward as chief executive of BP’s exploration and production business on 1 February 2007, and also became an executive director of the BP group.
External roles: Andy is a Fellow of the Royal Academy of Engineering and a Fellow of the Institute of Mechanical Engineers. He was appointed a non-executive director of BAE Systems plc in June 2007.
http://www.bp.com/...
Just two months ago, in the company's most recent presentation to investors, Andy Inglis, head of exploration and production, boasted that "BP's strength lies in operating at the frontiers of geography and technology, and executing projects at a scale only a few companies can take on". It also boasts that it is the "leading deepwater company". - Telegraph 05/07/10
http://www.telegraph.co.uk/...
Rupert Bondy – Executive Management
Job Title: Group General Counsel, BP plc
Key Accountabilities: Member of the BP executive management team
Other group accountabilities: Global responsibility for legal function, trademarks, patents & licensing, compliance.
Education: Rupert obtained his undergraduate degree in classics from Kings College, Cambridge and was then a Harkness fellow in jurisprudence and philosophy of law at Harvard University. He also spent a year as a teaching fellow at Stanford Law School, where he obtained a masters degree in law.
Career: Rupert began his career as a lawyer in private practice, with a focus on mergers and acquisitions. In 1989 he joined US law firm Morrison & Foerster, working in San Francisco, London and New York, and from 1994 he worked for UK law firm Lovells in London. In 1995 he joined SmithKline Beecham as Senior Counsel for mergers and acquisitions and other corporate matters. He subsequently held positions of increasing responsibility and following the merger of SmithKline Beecham and GlaxoWelcome to form GlaxoSmithKline (GSK) he was appointed SVP and General Counsel of GlaxoSmithKline in 2001.
In May 2008 he joined the BP group, where he is the Group General Counsel.
External roles: Member of various professional bodies and committees. He is a member of the English Bar and the California Bar.
http://www.bp.com/...
No stupid quotes from this guy. He must be the smart one. Watch out Gulf Coast residences!
Lamar McKay – Executive Management
Job Title: Chairman and President BP America, Inc.
Key Accountabilities: Lamar McKay 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 committee.
External roles: Board Member US-Russia Business Council, former member Russian Federation Foreign Investors Advisory Council
http://www.bp.com/...
Rep. Frank Pallone (D., N.J.) asked Mr. McKay why BP should be trusted with future offshore drilling.
"We can put in changes in our industry operating practices and our regulation that would allow resources to be developed more safely," Mr. McKay said. - Wall Street Journal 05/28/10
Fox guarding hen house article can be at the Wall Street Journal online.
Steve Westwell – Executive Management
Job title: Executive Vice President (aka Hatchetmen)
Key accountabilities: Member of the BP executive management team and Group Chief of Staff
Other group accountabilities: Steve manages all BP’s activities in strategy, planning, long-term policy, internal communications, media, press, investor relations, group economics and long-term research and technology.
Education: Steve has a degree in Mechanical Engineering from the University of Natal, an MBA from the University of Cape Town and an M.Sc in Management from Stanford University.
Career: After working for four years in the power industry, Steve joined BP in 1988. He has held a variety of roles including Retail Marketing, Planning and Control, Strategic Planning, Supply, and Refining. His career has included postings in Africa, the UK and the US. He was appointed Group Vice President of Alternative Energy in 2005, a role he held until he was appointed Executive Vice President and Group Chief of Staff on 1st January 2008.
External roles: Steve is a member of the Business Advisory Council at the Stanford Graduate School of Business.
http://www.bp.com/...
Another behind the scene man. This image comes to mind:
http://www.bp.com/...
All Compensation information is available at BP's website under their 2009 Annual Report. Good Stuff!
http://www.bp.com/...
This is the BP cast. You be the judge on the level of intelligence going on here.