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The Wall Street Journal: BP Says Chairman Sutherland To Stay Through 2009 Meeting

October 2, 2007; Page B10

Oil major BP PLC reiterated that Chairman Peter Sutherland will still be on the job for its general shareholders meeting in 2009, denying press reports that he may leave earlier.

BP tends to have its annual general meetings in April.

London’s Sunday Times reported the hand-over to a successor could happen within a year if a suitable candidate is identified.

The 61-year-old Mr. Sutherland has been nonexecutive chairman for more than a decade.

The newspaper also said the company had hired Anna Mann, head of MWM Consulting Inc., to conduct the international search for a new chairman. BP declined to confirm or deny this.

Mr. Sutherland in 2006 clashed over strategy with then-Chief Executive John Browne, who resigned in May this year. Lord Browne has since joined U.S. private-equity firm Riverstone Holdings LLC, which focuses on the energy and power industries, as the head of its new European branch.

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