Oil Giant gets new chairman

Oil Giant gets new chairman
AFP
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First Published: Thu, Jun 25 2009. 12 36 PM IST
Updated: Thu, Jun 25 2009. 12 36 PM IST
LONDON: British energy giant BP on Thursday appointed Carl-Henric Svanberg, current chief executive of Swedish telecoms giant Ericsson, as the group’s new chairman from 2010.
“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,” the group said in a statement.
Svanberg, 57, will become BP chairman on January 1, 2010, after a seven-year stint as Ericsson chief executive and chairman of joint venture Sony Ericsson.
“BP is a recognised world leader in the energy sector and it’s a great privilege to be invited to lead its board,” Svanberg said.
“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.”
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First Published: Thu, Jun 25 2009. 12 36 PM IST
More Topics: Britain | Sweden | Energy | chairman | bp |