BP bids farewell to Byron Grote

Oil giant BP yesterday said that senior board member Byron Grote is to step down, after 33 years with the company. Grote, who retired as chief financial officer at the end of 2011, will resign at the group’s AGM this April after 13 years on the board. Since joining the energy behemoth in 1987, the 63-year-old has overseen the company through a number of acquisitions.