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Ericsson chief moves to BP
OIL giant BP today announced that it has appointed the chief executive of mobile giant Ericsson as its new chairman.
Carl-Henric Svanberg is to replace Peter Sutherland as chairman. He will join the company in September as non-executive director and will become chairman on January 1 of next year. It comes after a seven-year stint at Swedish giant Ericsson.
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."
The worldwide search for a new chairman was led by Sir Ian Prosser, with a team including Sir William Castell, DeAnne Julius and Peter Sutherland.
BP chief executive Tony Hatward said: "Peter Sutherland will be a hard act to follow."
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Saturday 26 May 2012
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