25 June 2009 09:33 [Source: ICIS news]
Svanberg, currently CEO of Swedish telecommunications company Ericsson, will join the BP board as chairman-designate and a non-executive director on 1 September, the company said.
He will step down at year-end after a seven-year tenure as Ericsson CEO and Sony Ericsson chairman and will succeed Sutherland as chairman of BP on 1 January 2010.
Sutherland, who has served as BP's chairman since 1997, was expected to leave last year but his departure was delayed by a decision not to proceed with the appointment of the initial favourite.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|