BP Names New Chairman from Ericsson

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BP Names New Chairman from Ericsson

LONDON -- BP appointed Carl-Henric Svanberg, currently chief executive officer of Swedish telecommunications company, Ericsson, to replace current chairman, Peter Sutherland, who will retire on Jan. 1, 2010, the company stated.

Svanberg, who is also chairman of Sony Ericsson and a non-executive director of Melker Schörling AB, will join the BP board as chairman-designate and non-executive director as of Sept. 1, 2009.

"BP is a recognized world leader in the energy sector and it's a great privilege to be invited to lead its board," Svanberg, 57, said in a statement. "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."

Svanberg will step down from his current post at the end of the year, after a seven-year tenure as Ericsson chief executive and Sony Ericsson chairman. He will be based in London and devote the majority of his time to BP business, according to a company statement.

"Peter Sutherland has been an outstanding chairman, guiding the company through one of the most successful periods in its history," BP CEO Tony Hayward said in a statement. "He will be a hard act to follow. But I am sure Carl-Henric will be a worthy successor. ... Our shared views on many aspects of global business give me great confidence that we will work very effectively together on the next phase of BP's progress."

In other BP news, BP America will be a Presidential Sponsor of the National Association of Latino Elected and Appointed Officials (NALEO) Educational Fund's 26th Annual Conference, which will be held in Los Angeles, from June 25-27, 2009.

In addition, BP America is the title sponsor for a reception and dinner tribute honoring California’s Latino legislative leaders, the NALEO stated.

"BP America is pleased to be a sponsor of NALEO’s 26th Annual Conference," Matt Rezvani, general manager, West Coast External Affairs for BP America, said in a statement. "We are looking forward to partnering with NALEO, honoring the Latino members of California’s Legislature for their contributions to the state."

The NALEO Annual Conference is the largest gathering of Latino elected and appointed officials, where more than 800 Latino public officials and their supporters join for three days of professional development seminars, public policy discussions and exploration of the key concerns affecting the Latino community.

"Companies like BP America understand that supporting NALEO is an effective way to support the Latino community," Rafael Anchia, Texas representative and chairman of the NALEO Educational Fund. "In these difficult economic times for the nation it is imperative that we promote the policymaking success of our nation’s Latino elected leadership and their efforts to attain a good quality of life for their constituents and communities."

Several key officials from the Obama administration will address attendees at the conference, including Cecilia Muñoz, White House director of Intergovernmental Affairs; Nancy Sutley, chair, White House Council on Environmental Quality; Rebecca Blank, under secretary of Commerce for Economic Affairs; and Adolfo Carrión Jr., director, White House Office of Urban Affairs.

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