It is surprising that Lord Browne is still trying to take back control of his succession. It is the responsability of the Board and he should leave then to get on with it.
His company continues to fail in safety, environmental and related aspects and desperately needs a CEO focussed on solving these problems.
With all due respect to the internal candidates, BP should go for an outside candidate. New thinking and a new broom needs to clean house.
Onésimo Alvarez-Moro
See article:
Lord Browne, BP’s chief executive, will play a role but not have the final say in choosing the company’s new chief operating officer, the executive who will be expected to succeed him at the end of 2008.
The appointment process for the new chief executive is already well under way, with the five leading contenders being interviewed, setting out their visions for the company, and being assessed by Anna Mann, the headhunter called in to assist with the selection.
Following pressure from Peter Sutherland, BP’s chairman, Lord Browne said in the summer he intended to step down in two years.
The new COO is expected to be appointed in the first half of next year. It was suggested on Wednesday that Lord Browne might attempt to impose his choice of COO, leaving the board’s decision on the chief executive to be taken nearer the end of 2008.
But as a board-level appointment, the decision on the COO must be made by the full board. The expectation within the company is that the person chosen will then be most likely to take over as chief executive. Earlier in the year, Lord Browne talked in a newspaper interview about “picking” his successor, but he later accepted that the BP board needed to be fully involved in the decision, rather than just rubber-stamping it.
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