Finance

BP names Dotzenrath to lead renewables growth after Sanyal departure

Above Article Content Ad

A BP brand is seen at a petroleum station in London, Britain January 15, 2015. REUTERS/Luke MacGregor/File Photograph

  • Anja-Isabel Dotzenrath beforehand headed RWE Renewables
  • Sanyal to develop into CEO of European refiner Varo Power
  • Departure comes 14 months after Sanyal’s appointment

LONDON, Sept 14 (Reuters) – BP named Anja-Isabel Dotzenrath, a former chief government of RWE Renewables, to supervise the British firm’s speedy enlargement into renewable vitality following the sudden departure of BP’s head of low carbon and pure fuel Dev Sanyal.

Dotzenrath’s appointment comes at a time when BP, below the management of CEO Bernard Looney, seeks to quickly develop its renewables enterprise and shift away from oil.

Dotzenrath is {an electrical} engineer with greater than 25 years of senior expertise in vitality. She helped RWE Renewables grow to be one of many world’s largest renewable energy corporations and the second largest offshore wind participant globally.

Sanyal, who joined BP 32 years in the past, will now develop into the chief government of European refiner Varo Power, owned by Carlyle Group and Vitol, the place he’ll broaden the deal with low carbon vitality, the corporate stated in a separate assertion.

“By selecting an government vice chairman to steer the fuel & low carbon vitality enterprise with a renewable vitality observe file and no oil & fuel expertise, BP confirms its ambitions in renewable vitality whereas displaying that it sees a smaller function within the pure fuel a part of the enterprise going ahead,” Jefferies analyst Giacomo Romeo stated in a notice.

Sanyal’s departure comes 19 months after Bernard Looney took over as BP CEO with an formidable technique to show the oil and fuel firm into a significant renewables and energy firm.

Sanyal was amongst three executives shortlisted to succeed former CEO Bob Dudley together with Looney and former chief monetary officer Brian Gilvary, firm sources beforehand instructed Reuters.

In July 2020, Sanyal was appointed as head of pure fuel and low carbon as a part of a significant firm overhaul. He’ll hand over his tasks within the fourth quarter of 2021, BP stated.

The British and Indian nationwide oversaw main investments in current months, together with in U.S. and British offshore wind tasks.

He had beforehand headed BP’s different vitality enterprise the place he oversaw BP’s acquisition of a 43% stake in Lightsource BP, a significant photo voltaic firm.

Reporting by Ron Bousso; Modifying by Jason Neely and Edmund Blair

:

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button