Wednesday, November 10, 2010

Ex-UK, KPMG board member to become BP's audit committee chairman

Source: Bloomberg

BP Plc named Frank L. “Skip” Bowman and Brendan Nelson non-executive directors to the board as the company tries to restore its reputation following the Gulf of Mexico oil spill.

Bowman rose to the rank of Admiral in a 38-year U.S. Navy career in which he specialized in nuclear reactors. He was a member of the panel that reviewed safety at BP refineries after the deadly 2005 Texas City blast.

Nelson served on the U.K. board of KPMG and was vice chairman when he retired this year. He will become chairman of BP’s audit committee when Douglas Flint retires following the 2011 annual general meeting.

Bowman “has had a career where safety was central to all that he did,” BP Chairman Carl-Henric Svanberg said in a statement in London. “We will clearly benefit from his long safety experience and from his knowledge of BP. Brendan brings vast financial and auditing experience.”

Nelson is a non-executive director at Royal Bank of Scotland Group Plc, where he also is chairman of the audit committee.

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