BP Chief John Browne Stepping Down

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BP Chief John Browne Stepping Down

On January 12, 2007, in Blog, by Neal Dikeman

BP Chief Lord John Browne is stepping down in July. This suprise announcement is over a year earlier than previously expected. BP’s press release.

The change will be the end of an era for BP. Despite BP’s recent problems in 2006, it was under Browne’s leadership that BP helped initiate the age of the mega-mergers in oil companies, with the acquisitions of Arco and Amoco.

It was also under his leadership that BP pioneered the “open innovation” model of tehcnology development, funding massive amounts of research at university R&D centers instead of in internal R&D centers.

And for the cleantech world, it was under Browne’s leadership that BP virtually defined its technology strategy in terms of a “low-carbon” future.

Along with the recent leadership change at ExxonMobil, Browne’s departure marks the end of an era.

Author Neal Dikeman is a founding partner at Jane Capital Partners LLC, a boutique merchant bank advising strategic investors and startups in cleantech. He is the founding contributor of Cleantech Blog, and a Contributing Editor to AltEnergyStocks.com.

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About the author

Neal Dikeman

Neal is a founding partner of Jane Capital Partners LLC, a cleantech merchant bank whose clients have included the technology arms of multinational energy companies. He has served as a director of several technology companies, is chief blogger for Cleantech Blog, named one of the 50 Best Business Blogs by the London Times, and chairs industry portal Cleantech.org. He is currently the Chairman of Jane Capital’s recently acquired Greenhome.com operating company, the original ecommerce ecostore. He is a cofounder and director of venture backed carbon IT startup Carbonflow, a Jane Capital spin-out in SaaS worfklow for the carbon markets where he served as founding CEO and raised the first two rounds of finance. Prior to that he cofounded Jane Capital spin-out SC Power Systems, Inc. and its successor Zenergy Power plc (AIM:ZEN) in superconductor technology for the power grid, helped launch WaiterPad POS Systems, Inc. in wireless hospitality POS solutions, and led the spin-out of Fideris, Inc. in fuel cell test & measurement. He previously served as Director of Business Development for Globalgate, the parent company of Yellowpages.com, and as an associate at private equity fund manager Doyle & Boissiere. Before entering private equity, he began his career in energy investment banking at Bankers Trust, and has a B.A. from Texas A&M University.

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