Byron Elmer Grote (born March 8, 1948) is an American businessman who served as BP's chief financial officer from 2002 to 2011. He joined the company in 1987 following its acquisition of

Standard Oil of Ohio The Standard Oil Company (Ohio) was an American petroleum industry, petroleum company that existed from 1870 to 1987. The company, known commonly as Sohio, was founded by John D. Rockefeller. It was established as one of the separate entities cre ...

where he had worked since 1979. He retired in 2013.

Early life

Byron Elmer Grote was born March 8, 1948. He received an MS (1967) and PhD (1981) in Quantitative Analysis from the

S.C. Johnson Graduate School of Management The Cornell Johnson Graduate School of Management is the graduate business school of Cornell University, a private Ivy League research university in Ithaca, New York. Established in 1946, Johnson is one of six Ivy League business schools and off ...

Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...

Career

Grote joined

in 1979. He had management responsibilities in international oil supply planning, logistics and crude oil trading."Dr Byron E Grote: Non-Executive Director"
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Unilever Unilever PLC () is a British multinational consumer packaged goods company headquartered in London, England. It was founded on 2 September 1929 following the merger of Dutch margarine producer Margarine Unie with British soap maker Lever B ...

director biography In 1985, he was made director of planning for Kennecott, the mining subsidiary of Standard Oil. In 1986 he was appointed vice president of retail sales. After BP acquired the Standard Oil minority, he was appointed in 1988 as commercial-vice president for the company's Alaskan production activities. He moved to London soon after to become commercial general manager for BP Exploration. In 1992 he became group treasurer and chief executive officer of BP Finance, before moving to Colombia as regional chief executive. In 1995 he returned to London to become deputy chief executive officer of BP Exploration. In 1999, after the merger of BP and Amoco, he was executive vice-president for Exploration and Production. In 2002 he was appointed to the post of

chief financial officer A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, ...

for BP, a position he held until December 2011. In January 2012, he became executive vice president of corporate business activities. He was also a member of BP's board of directors. Grote's annual salary from BP in 2013 was $1,485,000 and his bonus was $710,000 less than half his bonus of $1,742,000 in 2008.

References

{{DEFAULTSORT:Grote, Byron Elmer Living people Samuel Curtis Johnson Graduate School of Management alumni American chief financial officers 1948 births Directors of BP American businesspeople in the oil industry American corporate directors Unilever people