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Energy Company Replaces U.S. Chief Executive

March 18, 1993

CLEVELAND (AP) _ Rodney Chase has been replaced as chief executive of BP America and, although he will retain his title as chairman, is being reassigned to the parent company’s London offices, British Petroleum Co. PLC said today.

Chase, 49, will continue as managing director responsible for U.S. operations. The move is to take effect in the second half of this year, BP America said in a news release.

On the first of the year, the head of BP’s Australian operations will take over as chief executive of BP America. Charles Bowman, 57, was also named chief financial officer of BP America.

Ronald McGimpsey, 48, currently the chief financial officer of BP America, will become the new chief executive of BP Australia.

In addition to Chase, another managing director, Hugh Norton, will move from Singapore to London.

The company said it is centralizing its business and regional managing directors so they can integrate their workload.

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