OREANDA-NEWS. The Board of BP p.l.c. announced that Byron Grote has elected to retire from the company and will step down from the Board of Directors following the Annual General Meeting on 11 April 2013.

Paying tribute to his 33 years of distinguished service for BP, Group Chief Executive Bob Dudley said: “Byron has played key roles at critical moments of the company’s history, most notably in the integrations of Amoco and Arco, and more recently in guiding BP through the financial challenges following the incidents of April 2010. The company owes him a great debt of gratitude.”

Chairman Carl-Henric Svanberg added: ‘Byron has been a member of the Board of BP and served its shareholders loyally for 13 years. His experience, judgement and wisdom will be greatly missed by his many colleagues and friends on the Board and across BP. I know all of those who have served on the Board over his long tenure will join me in wishing him all the very best for the future.”