Byron Grote to join Anglo American board

Byron Grote to join Anglo American board

Former BP chief financial officer lined up for Anglo American audit chair

MINING GIANT Anglo American intends to appoint the former chief financial officer of BP to its board as non-executive director.

Byron Grote, who retired as CFO at the end of 2011 and will resign from BP’s board in April after 33 years at the company, will be proposed to shareholders at Anglo American’s AGM on 19 April.

He will join the Anglo’s audit committee on appointment and will, after a period of induction, assume the role of audit committee chairman from David Challen.

Grote, who is retiring as executive vice president, corporate business activities at BP, joined the company in 1986 following its acquisition of the Standard Oil Company of Ohio, where he had worked since 1979.

He has been a member of the BP board since 2000; was CFO from 2002 to 2011 and is also a non-executive at Unilever.

According to the 2013 Financial Director Salary Survey, Grote picked up £2.3m in salary and bonuses in his last year at the company.

The salary survey includes the 2011/2012 remuneration details of finance directors working in the FTSE 350.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource