BP Annual Report and Form 20-F 2011 - Company Reporting

Directors and senior managementH L McKayLamar McKay (53) was appointed chairman and president of BP America,Inc. in 2009. He joined Amoco Production Company as a petroleumengineer in 1980. He held a variety of roles before becoming group vicepresident for Russia and Kazakhstan in 2003, also being appointed to theboard of TNK-BP in 2004. In 2007, he was appointed senior group vicepresident of BP and executive vice president of BP America. In early 2008,he became executive vice president of BP p.l.c. special projects, focusingon Russia, subsequently joining the group executive management team. InOctober 2010, in addition to his current duties, he was appointed presidentand chief executive officer of the Gulf Coast Restoration Organization.D SanyalDev Sanyal (46) joined BP in 1989 and has held a variety of internationalroles in London, Athens, Istanbul, Vienna and Dubai. He was appointedchief executive, BP Eastern Mediterranean Fuels in 1999. In 2002,he moved to London as chief of staff of BP’s worldwide downstreambusinesses. In 2003, he was appointed chief executive officer of Air BPfollowing which in 2006, he became head of the group chief executive’soffice. He was appointed group vice president and group treasurer in 2007.During this period, he was also chairman of BP Investment ManagementLtd and accountable for the Group’s aluminium interests. He wasappointed an executive vice president and group chief of staff with effectfrom 1 January 2012.Dr H SchusterHelmut Schuster (51) joined BP in 1989. He held a number of roles workingin most parts of refining, marketing, trading and gas and power in the US,UK and Continental Europe. In 2007 he became vice president, humanresources for Refining and Marketing in BP and in 2010 he added corporateand functions to his portfolio. On 1 March 2011 he became group humanresources director and a member of BP’s executive team.Directors’ interestsThe figures below indicate and include all the beneficial and non-beneficialinterests of each director of the company in shares of the company (orcalculated equivalents) that have been disclosed to the company under theDisclosure and Transparency Rules as at the applicable dates.Current directors At 31 Dec 2011 At 1 Jan 2011Change from31 Dec 2011to 1 Mar 2012C-H Svanberg 933,971 925,000 –R W Dudley 287,945 a 280,799 a 49,356P M Anderson 6,000 a 6,000 a –F L Bowman 12,720 a 2,520 a –A Burgmans 10,156 10,156 –C B Carroll 10,500 a 10,500 a –Sir William Castell 82,500 82,500 –I C Conn 425,169 b 339,637 b 72,332G David 579,000 a 159,000 a –I E L Davis 10,391 10,000 –Dr B E Grote 1,394,819 c 1,372,643 c 89,784B R Nelson 11,040 – –Directors leaving the boardAt resignation/retirement At 1 Jan 2011D J Flint 15,000 d 15,000 –Dr D S Julius 15,000 d 15,000 –OnappointmentChange from31 Dec 2011to 1 Mar 2012Directors joining the board At 31 Dec 2011Professor Dame Ann Dowling – – e –Dr B Gilvary – 236,029 f 95,059F P Nhleko – – g –A Shilston – – f –aHeld as ADSs.bIncludes 48,024 shares held as ADSs at 1 January 2011 and at 31 December 2011.cHeld as ADSs, except for 94 shares held as ordinary shares.dOn retirement at 14 April 2011.eOn appointment at 3 February 2012.fOn appointment at 1 January 2012.gOn appointment at 1 February 2011.Directors and senior managementThe following performance shares were awarded on 9 March 2011 underthe BP Executive Directors’ Incentive Plan (EDIP). These figures representthe maximum possible vesting levels. The actual number of shares/ADSsthat vest will depend on the extent to which performance conditions havebeen satisfied over a three-year period.Potential maximumperformance sharesDirector2011 EDIP awardsR W Dudley a 1,330,332I C Conn 623,025Dr B E Grote a 785,394a Held as ADSs.Additional details regarding performance shares awarded can be found inthe Directors’ remuneration report on page 149.Executive directors are also deemed to have an interest in suchshares of the company held from time to time by the BP Employee ShareOwnership Plan (No. 2) to facilitate the operation of the company’s optionschemes.No director has any interest in the preference shares or debenturesof the company or in the shares or loan stock of any subsidiary company.BP Annual Report and Form 20-F 2011 117