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BP has announced the appointment of Spencer Dale as its new Group Chief Economist, with effect from the end of October.

Dale joins BP from the Bank of England where he is currently Executive Director for Financial Stability Strategy and Risk. He is also a member of the Bank鈥檚 Financial Policy Committee.

In his previous capacity as the Bank鈥檚 Chief Economist, Dale served for six years on the Monetary Policy Committee. Since joining the Bank in 1989, Dale鈥檚 roles included working as private secretary to former Governor Mervyn King and a secondment as a visiting Senior Adviser in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System in the US.

Comments

Welcoming the appointment, Dev Sanyal, BP鈥檚 Executive Vice President Strategy and Regions, said: 鈥淲e are delighted to have someone of Spencer鈥檚 calibre and experience for this senior, strategic position within BP. Spencer鈥檚 deep experience in central banking and his communications and financial markets background will be invaluable as we look to understand the future of energy markets globally.鈥�

Dale commented: 鈥淚 am delighted that I will be working in a critical sector for the global economy in one of Britain鈥檚 leading companies. I look forward to bringing my experience of macroeconomics and the public sector to the world of international energy.鈥�

In his capacity as Group Chief Economist, Dale will be responsible for advising BP鈥檚 Board and executive team on economic drivers and trends in global energy. He will lead an international team of senior economists whose responsibilities include overseeing the preparation and presentation of the annual BP Statistical Review of 91天堂原創 Energy and the BP Energy Outlook.

Adapted from press release by

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