BP 2015 Annual Report Download - page 63

Corporate governance
BP Annual Report and Form 20-F 2015 59
Brendan Nelson
Independent non-executive director
Tenure
Appointed 8 November 2010
Outside interests
Non-executive director and chairman of
the group audit committee of
The Royal Bank of Scotland Group plc
Member of the Financial Reporting
Review Panel
Age 66 Nationality British
Career
Brendan Nelson is a chartered
accountant. He was made a partner of
KPMG in 1984. He served as a member
of the UK board of KPMG from 2000 to
2006, subsequently being appointed
vice chairman until his retirement in
2010. At KPMG International he held a
number of senior positions including
global chairman, banking and global
chairman, financial services.
He served for six years as a member of
the Financial Services Practitioner Panel
and in 2013 was the president of the
Institute of Chartered Accountants of
Scotland.
Relevant skills and experience
Brendan Nelson’s career in audit and
finance makes him ideally suited to chair
the audit committee and to act as its
financial expert. He held a range of
senior leadership roles at KPMG giving
him broad management and business
experience. His specialism in the
financial services industry allows him to
contribute insight into the challenges
faced by global businesses by regulatory
frameworks.
Brendan brings related input from his
role as the chair of the audit committee
of a major bank and as a member of the
Financial Reporting Review Panel.
Phuthuma Nhleko
Independent non-executive director
Tenure
Appointed 1 February 2011
Outside interests
Non-executive director and chairman of
MTN Group Ltd
Chairman of the Pembani Group
Age 55 Nationality South African
Career
Phuthuma Nhleko began his career as a
civil engineer in the US and as a project
manager for infrastructure
developments in southern Africa.
Following this he became a senior
executive of the Standard Corporate and
Merchant Bank in South Africa. He later
held a succession of directorships
before joining MTN Group, a pan-African
and Middle Eastern telephony group
represented in 21 countries, as group
president and chief executive officer in
2002. During his tenure at the MTN
Group he led a number of substantial
mergers and acquisitions transactions.
He stepped down as group chief
executive of MTN Group at the end of
March 2011. He was formerly a director
of a number of listed South African
companies, including Johnnic Holdings
(formerly a subsidiary of the Anglo
American group of companies),
Nedbank Group, Bidvest Group and
Alexander Forbes.
Relevant skills and experience
Phuthuma Nhleko has had a wide-
ranging career in infrastructure, banking
and telephony as well as the extractive
industries. This broad experience
leading multinational companies,
particularly in emerging markets,
enables him to contribute strongly to the
board and geopolitical committee on
strategic matters. His commercial
experience also gives him insight into
financial issues relevant to the audit
committee.
Paula Rosput
Reynolds
Independent non-executive director
Tenure
Appointed 14 May 2015
Outside interests
Non-executive director of BAE Systems
Ltd
Non-executive director of
TransCanada Corporation
Non-executive director of Siluria
Technologies
Age 59 Nationality American
Career
Paula Rosput Reynolds is the former
chairman, president and chief executive
officer of Safeco Corporation, a Fortune
500 property and casualty insurance
company that was acquired by Liberty
Mutual Insurance Group in 2008. She
also served as vice-chair and chief
restructuring officer for American
International Group (AIG) for a period
after the US government became the
financial sponsor from 2008 to 2009.
Previously Paula was an executive in the
energy industry. She was chairman,
president and chief executive officer of
AGL Resources Inc., an operator of
natural gas infrastructure in the US. Prior
to this, she led a subsidiary of Duke
Energy Corporation that was a merchant
operator of electricity generation. She
commenced her energy career at PG&E
Corp.
She currently chairs the board of the
Fred Hutchinson Cancer Research
Center in Seattle, Washington. In 2014
Paula was awarded the National
Association of Corporate Directors (US)
Lifetime Achievement Award.
Relevant skills and experience
Paula Rosput Reynolds has had a long
career leading global companies in the
energy and financial sectors. Her
experience with international and US
companies gives her insight into
strategic and regulatory issues, and her
financial background is an asset to the
audit committee.
Paula has led several groups through
restructuring and mergers so can
contribute knowledge and experience to
the board when considering
simplification and value creation.
Sir John Sawers
Independent non-executive director
Tenure
Appointed 14 May 2015
Outside interests
Chairman and partner of Macro Advisory
Partners LLP
Visiting professor at King’s College
London
Governor, Ditchley Foundation
Age 60 Nationality British
Career
John Sawers spent 36 years in public
service in the UK, working on foreign
policy, international security and
intelligence.
John was Chief of the Secret
Intelligence Service, MI6, from 2009 to
2014, a period of international upheaval
and growing security threats as well as
closer public scrutiny of the intelligence
agencies. Prior to that, the bulk of his
career was in diplomacy, representing
the British government around the world
and leading negotiations at the UN, in
the European Union and in the G8. He
was the UK ambassador to the United
Nations (2007-09), political director and
main board member of the Foreign
Office (2003-07), special representative
in Iraq (2003), ambassador to Egypt
(2001-03) and foreign policy advisor to
the Prime Minister (1999-2001). Earlier
in his career, he was posted to
Washington, South Africa, Syria and
Yemen.
John is now chairman of Macro
Advisory Partners, a firm which advises
clients on the intersection of policy,
politics and markets.
Relevant skills and experience
Sir John Sawers’ deep experience of
international political and commercial
matters is an asset to the board in
navigating the complex issues faced by
a modern global company. His
management of reform at MI6 also
complements BP’s focus on value and
simplification.
As a former UK government
representative, Sir John brings
knowledge and skills related to
analysing and negotiating on a
worldwide basis, which are invaluable to
the geopolitical and SEEA committees.
Andrew Shilston
Senior independent non-executive
director
Tenure
Appointed 1 January 2012
Outside interests
Chairman of Morgan Advanced
Materials plc
Non-executive director of Circle
Holdings plc
Age 60 Nationality British
Career
Andrew Shilston trained as a chartered
accountant before joining BP as a
management accountant. He
subsequently joined Abbott
Laboratories before moving to
Enterprise Oil plc in 1984 at the time of
flotation. In 1989 he became treasurer
of Enterprise Oil and was appointed
finance director in 1993. After the sale
of Enterprise Oil to Shell
in 2002, in 2003 he became finance
director of Rolls-Royce plc until his
retirement in December 2011.
He has served as a non-executive
director on the board of Cairn Energy plc
where he chaired the audit committee.
Relevant skills and experience
Andrew Shilston is a highly
knowledgeable director with wide
experience from roles in finance, from
several positions as a chief financial
officer, and the oil and gas industry in
general. His deep understanding of
commercial issues has assisted the
board in its work in overseeing the
group’s strategy and in particular the
evaluation of capital projects, while his
financial skills are an asset to both the
audit and remuneration committees.
As senior independent director he has
overseen the evaluation of the chairman
and led the external evaluation of the
board in 2015.
David Jackson
Company secretary
Tenure
Appointed 2003
David Jackson, a solicitor, is a director of
BP Pension Trustees Limited.