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 oil company, a successor of the original company established in 1870 by John D. Rockefeller. It was established as "Standard Oil Company of Ohio" as one of the separate entities created after the ...

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 Samuel Curtis Johnson Graduate School of Management is the Graduate school, graduate business school in the SC Johnson College of Business at Cornell University, a private university, private Ivy League university located in Ithaca, New Yor ...

Cornell University Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach an ...

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"
-

Unilever Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy drink, t ...

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 The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...

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