(Filed: 30/07/2006)
BP’s decision requiring him to step down as chief executive in 2008 came as a blow to Lord Browne. Sylvia Pfeifer describes the events leading up to the announcement and looks at the potential successors
It never gets too hot in the Andalucian mountains in southern Spain, even during the brutal summer month of August. A cooling breeze will no doubt be welcome when Lord Browne, the chief executive of BP, meets his chairman, Peter Sutherland, there next week.
Browne will be staying with Sutherland and his wife at their house. It was a holiday that had been arranged long before last week’s extraordinary events at the oil company, which saw two of the biggest personalities in British business clash. At issue was nothing less than the succession at Britain’s biggest company.
Peter Sutherland told Lord Browne: ‘John, you need to give people a retirement date’ read more
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