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Richard L. Olver
Chairman, BAE Systems
On 1st July, 2004 Dick Olver was appointed Chairman of BAE Systems plc and on the same date retired from the Board of BP plc. Prior to leaving BP he was Deputy Group Chief Executive and was appointed to the number two slot on 9th January, 2003. He will continue his association with BP as Deputy Chairman of TNK-BP. Dick is a chartered engineer with a First Class Honours degree in Civil Engineering and is also a member of the Institution of Civil Engineers. In November 2004 he was awarded an Honorary Doctorate in Science from City University, London and in July 2005 he was elected a Fellow of The Royal Academy of Engineering. Dick is a Non-Executive director of Reuters Group plc, is Chairman of the Reuters Audit Committee, a member of their Nomination Committee and the Senior Independent Director. He is also a Guardian of New Hall School. Joining BP in 1973, following a brief period designing and building highways and bridges, his early career involved a wide range of oil, gas and refining projects in Britain, Canada, Scotland, the Middle East and Norway. He was appointed Vice President, BP Pipelines Inc., BP North America, in 1979. In 1983 he became Divisional Manager for new technology with responsibility for offshore, Arctic and enhanced oil recovery technology development. In 1985 Mr Olver became Divisional Manager of Corporate Planning for British Petroleum and led the strategic team on the acquisition by BP of Standard Oil in the United States. In 1988 he became General Manager, Gas, BP Exploration Europe, responsible for the operation, new business development and asset management, of BP and Britoil’s European gas portfolio. He was made Chief of Staff to the Chairman of BP and Head of Corporate Strategy for the BP Group in May 1990. In April 1992 he became Chief Executive, BP Exploration, USA, where he led BP's growth in deep water exploration in the Gulf of Mexico. In 1995 he became Deputy Chief Executive of BP Exploration. He was appointed to the Board of BP and became CEO of Exploration and Production on 1st January, 1998. He led the Upstream E&P business of BP for 5 years taking the business from 1.5mboepd to 3.6mboepd through the merger with Amoco, the acquisition of ARCO and thereby more than doubling the size of the business making the generation of $20bn/yr operating cash possible. The business employs 18,000 people and invests ca. $10bn/year. Dick Olver was born in 1947 and is married with two daughters. His interests include education, sailing, skiing, ballet and fine arts. September, 2005 |
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