09 June 2009 12:13 [Source: ICIS news]
LONDON (ICIS news)--Vivienne Cox, the head of BP’s alternative energy division, will retire at the end of the month, a company spokesman said on Tuesday.
Cox is BP's most senior woman executive. She was previously in charge of the gas, power and renewables segment, which was broken up in the restructuring launched by Tony Hayward, who took over as CEO of the UK-based oil major in 2007.
She will be replaced by her deputy Katrina Landis.
The alternative energy division includes biofuels, wind farms, manufacturing solar modules, and power stations that capture and store carbon dioxide emissions.
The spokesman said that BP was still committed to an investment programme for the division set out in 2005, which said it was planning to invest $8bn (€5.8bn) in alternatives by 2015.
($1 = €0.72)
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