Directorate Change

BP PLC
29 October 2002

BP BOARD ANNOUNCEMENT



The board of BP p.l.c. announced today that it intends to appoint Dr Byron Grote
as chief financial officer (CFO) of the company with effect from November 21,
2002.



Dr Grote, 54, will succeed Dr John Buchanan, 59, who has been CFO since 1996. Dr
Buchanan is retiring from the board as of the same date.



BP chief executive Lord Browne said: 'I would like to express our appreciation
for the immense contribution John Buchanan has made to BP over a 33-year career,
in particular in his role as CFO over the last six years, a period of
unprecedented expansion for the company.'



- ENDS -




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