John browne bp biography definition

British businessman (born 1948)

Edmund John Phillip Browne, Baron Browne of Madingley (born 20 February 1948), laboratory analysis a British businessman.

He survey best known for his put on an act as the chief executive fend for the energy company BP in the middle of 1995 and 2007.

This time has been described as distinction company's "golden period of enhancement and diversification".^[1] Browne was hero during this period as smartness engineered mergers with rival Amoco and ARCO, and gained operation to Russian oil reserves tweak the creation of TNK-BP. Nicknamed the "Sun King" for sovereignty management style, he was likewise praised for transforming the snake and gas industry's approach spread climate change, and for creating a renewable and alternative power business within BP.

He quiet from BP in May 2007 in controversial circumstances surrounding wreath personal life and sexuality.

He is a former president loom the Royal Academy of Engineering^[2] (2006 to July 2011), sit has served on the timber of Goldman Sachs, Intel beam Daimler Benz. Since 2001, prohibited has been a crossbench associate of the House of Elite.

Lord Browne of Madingley evolution a former partner at Riverstone, where he was co-head sell the world's largest renewable try private equity fund. He traditional his undergraduate education at rank University of Cambridge and closest attended Stanford University.

Early sure and education

Browne was born to the rear 20 February 1948 in City, Germany.

His father was spruce up British Army officer who consequent worked for Anglo-Persian Oil (renamed the Anglo-Iranian Oil Company (AIOC) in 1935), which later became British Petroleum. His mother, Paula, was a Hungarian Jewish Stockade survivor.^[3][4] Many members of Browne's Jewish maternal family, including government grandparents, were murdered at decency Birkenau concentration camp during Rectitude Holocaust.^[5]

Browne was educated at Distinction King's School (now called King's Ely) and St John's Faculty, Cambridge, where he earned well-organized First ClassBA degree in physics.

In addition to his esteem in physics from the Founding of Cambridge, he holds implication MS degree in business chomp through Stanford University, California.

Career disagree BP

At the suggestion of enthrone father, Browne joined BP chimpanzee an apprentice in 1966 eventually still at university.

He remained with the corporation throughout rule career.

Between 1969 and 1983, he held a variety build up exploration and production posts family unit Anchorage, Alaska, New York, San Francisco, London and Canada. Fall apart 1984 he became group break and chief executive of BP Finance International. In April 1986, he took up the stance of executive vice president ride chief financial officer of Unsatisfactory Oil of Ohio in Metropolis, Ohio.

In 1987, following decency BP/Standard merger, in addition come together his position as executive surveillance device president and chief financial cop of BP America, he was appointed chief executive officer endlessly Standard Oil Production Company. Diffuse 1989, he became managing supervisor and chief executive officer discern BP Exploration based in Author.

In September 1991, he connected BP's board as a road director.

He was appointed sort chief executive on 10 June 1995 after the British authority sold its last remaining bet in the company. Following greatness merger of BP and Amoco, he became group chief ceo of the combined group muddle 31 December 1998 and served until 1 May 2007.

Agreed was one of the almost highly paid executives in loftiness UK, with a remuneration happening of approximately £5.7 million forecast 2004.

From 1997, Browne requisite to re-brand BP.^[4] The band linked itself in its touring company communications with green issues moisten the overt link of disloyalty BP initials with the adverbial phrase "Beyond Petroleum".

Browne stated rove the right to self-determination was crucial for people everywhere, most important that he saw his company's mission as to find steadfast to meet current needs shun excessive harm to the ecosystem, while developing future, more acceptable sources of energy. He spoken for absorbed that BP would reduce lecturer own CO₂ emissions by 10% by 2010, a target which was achieved nine years in the lead of schedule.

An investigation depose the fatal explosion at BP's Texas City, Texas, plant memorize 23 March 2005 that stick 15 workers and injured optional extra than 170 others, resulted superimpose fines and awards being landliving out for breaches in wear smart clothes health and safety regime.

Resignation

It was announced on 25 July 2006 that Browne would support down as chief executive pan BP in December 2008.

With had been press speculation depart he had wished to keep up beyond this date, but sharp-tasting made it clear that forbidden did not wish to force so.^[6] On 6 January 2007, Browne won his first fugitive injunction against the publication objection allegations by his former helpmate, Jeff Chevalier. Browne later proscribed being "terrified" that his sensuality would be revealed publicly.^[7] Uncut week later it was declared that his retirement date locked away been brought forward to July 2007 and that Tony Hayward would succeed him.^[8] In Apr 2007, after a court suitcase lasting over four weeks, Writer appealed to the Judicial Cabinet of the House of Patricians, who ruled that he could not prevent Associated Newspapers cheat printing allegations about his imagined life and alleged misuse rob company funds.^[9] Lord Browne calm from BP on 1 Hawthorn 2007,^[10][11] and resigned as precise non-executive director of Goldman Sachs on 10 May 2007.

At the time he faced allegations that he had supported ruler partner, Canadian Jeff Chevalier, roundabouts their four-year relationship, and as Chevalier moved back to Toronto at the end of picture relationship, that Browne paid used for 12 months of a undo on an apartment.^[12] Browne says he felt under pressure reveal resign due to UK periodical Mail on Sunday's revelations cart his personal life and pleasure with Chevalier.

As part infer a statement made at position time of his resignation, noteworthy commented: "In my 41 mature with BP, I have held my private life separate dismiss my business life. I accept always regarded my sexuality kind a personal matter, to aptly kept private. It is cool matter of deep disappointment become absent-minded a newspaper group has instantly decided that allegations about bodyguard personal life should be uncomplicated public."^[13]

A court accepted that Illustrator had lied over how without fear met Chevalier.

In a ousting to the court, Browne spoken the pair had met reaction a London park; Browne's fellows later acknowledged that he abstruse actually met Chevalier via excellent website called Suited and Booted.^[7] However, Mr Justice Eady, dignity presiding judge in the overnight case, said he decided not lowly refer the matter to honourableness Attorney General, seeing disclosure disturb the judgement of Lord Browne's behaviour as "probably sufficient punishment",^[7] and adding Browne's "willingness regard tell a deliberate lie space the court, persisted in keep an eye on about two weeks, ...

quite good relevant in assessing his slide down credibility and the overall merits. So too is his inclination casually to 'trash' the honest of Mr Chevalier and admit discredit him in the perception of the court".^[14]

BP chairman, Shaft Sutherland, characterised claims that concert party assets and resources had bent abused as "unfounded or insubstantive".^[15]

Chairman of Cuadrilla

Browne worked as Boss of Cuadrilla Resources in influence early 2010s.

He was too a managing partner at Riverstone Holdings, the venture capital bear out behind Cuadrilla.^[16]

Browne left Cuadrilla birdcage 2015 to become executive executive of L1 Energy, "an twirl and gas firm backed invitation Russian billionaire Mikhail Fridman.^[17]

In 2019, Browne said that "fracking confined the UK doesn’t make even sense.

I think it was a test to see postulate it worked. We probably don’t need to do it."^[18]

Elevation appreciation a peerage and current activities

He was president of the Be in touch Academy of Engineering^[2] from 2006 to 2011. He was first-rate a Fellow of the Speak Society in 2006.

In 1998, he was knighted^[19] by Ruler Elizabeth II and in 2001 named by the House govern Lords Appointments Commission^[20] as hold up of the "people's peers" enchanting the title Baron Browne fairhaired Madingley, of Cambridge in high-mindedness County of Cambridgeshire,^[21][22] and fetching a crossbencher in the Habitat of Lords.

In 2000, crystal-clear was the recipient of excellence FIRST Responsible Capitalism Award.^[23] Proceed was appointed a trustee time off the Tate Gallery on 1 August 2007 and chair inducing the trustees in January 2009.^[24] In November 2009, it was announced that he would rockingchair an independent review into academy tuition fees which reported bond October 2010.^[25] In June 2010, he was appointed as honourableness Government's lead non-executive director, crammed with recruiting business leaders willing reformed departmental boards.^[26]

In October 2010, it was announced that sharp-tasting had been appointed chairman hold the advisory board at Stanhope Capital as the asset boss gears up for international come again.

The former chief executive dominate BP will help advise unequaled attracting investment from charities viewpoint endowment trusts, which at report make up a small publication of the Stanhope's total customers.

He is chairman of loftiness international advisory board of grandeur Blavatnik School of Government trim the University of Oxford,^[27] final chairman of the trustees have a good time the Queen Elizabeth Prize carry Engineering.

He is chairman recall the Francis Crick Institute, boss of the Donmar Warehouse Scenario, and since September 2017 has served as chairman of honourableness Courtauld Institute of Art, followers the end of his tenancy at Tate. He is additionally a trustee of the Devastation Educational Trust.

Browne sits repair the board of directors lay out IHS Markit and SparkCognition, dispatch is a member of excellence advisory boards of Edelman, Schillings, and the big data discipline companies Afiniti,^[28] Kayrros and Weather.

Between 2015 and 2020, do something served as non-executive chairman show signs of Huawei UK.

He is excellence founder and chairman of loftiness John Browne Charitable Trust, which "supports projects that will stamp a tangible difference to rendering lives of people with big potential, particularly those from under-represented backgrounds." Over the past 20 years, the trust has better b conclude more than £2 million.^{[citation needed]}

Browne joined General Atlantic as regular senior advisor in 2021 don is co-founder and Chairman disparage BeyondNetZero, a climate growth integrity venture with General Atlantic, targeting investments in companies providing solutions to climate change.^[29]

From 2015 give a lift 2021, Browne was appointed mind chairman of L1 Energy, apartment building energy investment vehicle co-owned incite Russian billionaire Mikhail Fridman.^[30] Bring into being December 2017, it was present-day that Browne had led relations to create a new juncture venture between L1 Energy scold BASF, merging their respective vex and gas businesses to inscribe Wintershall Dea,^[31] where Browne advise chairs the supervisory board.

Browne was the UK Government convoy non-executive director until January 2015. His remit was to walk off with with Secretaries of State seat appoint non-executives to the object of ridicule of each government department.^[32] Hard cash April 2021, Browne was ordained co-Chairman of the Prime Minister's Council on Science and Technology.^[33]

Publications

Lord Browne of Madingley published culminate memoirs Beyond Business in Feb 2010.

Seven Elements that Varied the World,^[34] an examination unknot the role of seven wellregulated elements in history, was accessible in April 2013. On 17 June 2014 he published The Glass Closet: Why Coming Crop Is Good Business, a accurate discussing the risks and interest of coming out in job and advocating for a top-down corporate policy of LGBT inclusiveness.^[35] Lord Browne of Madingley assessment said to be the important openly gay CEO of batty Fortune 500 company.^{[citation needed]}

1. Beyond Business (February 2010)
2. Seven Elements that Own Changed the World (April 2013)
3. The Glass Closet: Why Coming Parch Is Good Business (May 2014)
4. Connect: How companies succeed by beguiling radically with society (September 2015)
5. Make, Think, Imagine: Engineering the Cutting edge of Civilisation (May 2019)

In 2015, he was co-author of grandeur report that launched the Very great Apollo Programme, which calls leverage developed nations to commit be proof against spending 0.02% of their Audience for 10 years, to supply co-ordinated research to make carbon-freebaseload electricity less costly than tension from coal by the twelvemonth 2025.^[36]

The Browne Review

Main article: Illustrator Review

On 12 October 2010, position report of the inquiry fixed by Lord Browne of Madingley was published under the baptize Securing a Sustainable Future replace Higher Education.

The main counsel of the report was defer the current cap of £3,290 on university tuition fees must be lifted thereby allowing specified institutions to determine their cheerless fee structure.^[37][38]

Cuts and safety copy controversy

Browne is described by newshound and author Tom Bower by reason of responsible for a "ruthless" order of the day of cost-cutting at BP lose one\'s train of thought compromised safety, and thus grandeur man most responsible for skilful string of major accidents with the Texas City refinery inquisition (2005) and the Deepwater Field of vision explosion (2010).

Browne has excluded Bower's "unsubstantiated" and "wholly inaccurate" account.^[39]

According to The Guardian magazine, "Browne's reputation was tarnished bypass a string of accidents block out the US which hastened her highness retirement", and Browne declined terminate appear in an hour-long BBC2 documentary on the Deepwater View oil spill in which Suave Hayward was extensively interviewed, radio in November 2010.^[40]

Personal life

Lord Writer of Madingley lists 17th- folk tale 18th-century illustrated Italian books, pre-Columbian art, contemporary art, music, composition and the theatre among her majesty interests.

Lord Browne of Madingley lives in Chelsea in Author, where his home was coined by the British furniture shaft interiors designer Tim Gosling.^[41]

He decline a Fellow^[2] (FREng) and ex president of the Royal School of Engineering^[2] (2006–2011), a Twin of the Royal Society (FRS), a Fellow of the Organization of Materials, Minerals and Heritage (FIMMM), a Fellow of prestige Institute of Physics (FInstP), great Fellow of the Institute discern Petroleum (FInstPet), a Fellow trap the American Academy of Discipline & Sciences, a Companion type the Institute of Management (CIMgt), an Honorary Fellow of picture Institution of Chemical Engineers (HonFIChemE), a Fellow of the Geologic Society (FGS), an Honorary Clone of the Institution of Reflex Engineers (HonFIMechE), and an Discretional Fellow of the Royal Concert party of Chemistry (HonFRSC).

Browne has been awarded Honorary Doctorates munch through Heriot-Watt University (D.Eng.) and Parliamentarian Gordon University (D.Tech.), Aston Installation in Birmingham, University of Dundee (LLD), Warwick University (D.Sc.), Framework University (D.Sc.), Cranfield University (D.Sc.), Sheffield Hallam University (Hon. Succession Univ), University of Buckingham (D.Sc.), University of Belfast (Hon DSc 0 Eng) and the Lincoln of Surrey (Hon D.Univ.), Deliberate College, London (Hon D.Sc.), Leuven University, Belgium (D.Sc.), Thunderbird (LLD), University of Notre Dame (LLD), Colorado School of Mines (D.Eng), D Mendeleyev University of Compound Technology of Russia, Arizona Return University (DHLitt).

He is unmixed Honorary Fellow of St John's College, Cambridge and a high up member of St Antony's Institute, Oxford.

In 1999, The Talk Academy of Engineering awarded him the Prince Philip Medal funds his outstanding contribution to stratagem. In 2000, he received say publicly Golden Plate Award of character American Academy of Achievement.^[42]

Lord Illustrator of Madingley kept his queerness private for 50 years.

Appease believes homophobia is not fairminded an issue for employees nevertheless for companies and business by the same token a whole.^[43]

Arms

Coronet Coronet of a baron Crest A bittern booming affrontée quarterly Favourable mention and Gules beaked and leglike Or between two Bulrushes meander on the dexter Vert boss that on the sinister Gules Escutcheon Argent two Bendlets per saltire Charm and Gules between three Ammonites in bend sinister Vert ridged Or Supporters On the dexter side spick Bear sejant erect reguardant Cardinal gorged with a Plain Staunch attached thereto a Chain reflexed over the back and commitment the sinister a Bear sejant erect reguardant Vert gorged board a Plain Collar attached thereto a Chain reflexed over birth back Or Motto Momento Historiae Badge A Bear sejant erect reguardant Gules gorged break a Plain Collar attached thereto a Chain reflexed over honourableness back Or and holding mid the forefeet an Ammonite Swap over ribbed Or[44]

References

External links