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Ex-BP Chief John Browne to quit Riverstone board -Sky News

Mon, 13th Apr 2015 22:17

April 13 (Reuters) - Former BP chief executive JohnBrowne will be vacating his spot on the board of investmentcompany Riverstone Energy to focus on work for aRussian-backed energy venture, Sky News reported.

The resignation of Browne, who joined Riverstone in 2007, isexpected to come as early as Tuesday, Sky News said.(http://bit.ly/1Ev6uwl)

In addition to quitting Riverstone's board, Browne has alsorelinquished the chairmanship of Cuadrilla Resources, a shalegas firm, the website said.

The resignation was expected as Browne in February announcedhis appointment as executive chairman of L1 Energy, a $10billion oil and gas venture backed by Russian billionaireMikhail Fridman and his partner German Khan.

Riverstone and Browne did not immediately respond to aReuters request for comment. (Reporting by Ismail Shakil in Bengaluru; Editing by ChristianPlumb)

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