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BP names replacement for chief executive/downstream

10:34 AM MDT | July 28, 2014 | Natasha Alperowicz

BP has announced that Iain Conn, group managing director and chief executive/downstream, is leaving the company and is to step down from BP’s board by the end of the year. Conn has been with BP for 29 years, serving on the board for the past 10 and in his current downstream role for the past 7. The downstream comprises BP’s three main, global, customer-facing businesses: fuels, including refining; lubricants, principally under the Castrol brand; and petrochemicals. Under Conn’s leadership, BP’s downstream segment has been repositioned...

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