Directorate Change

BP PLC
24 March 2004

March 24, 2004


                           BP ANNOUNCES BOARD CHANGE


The Board of BP p.l.c. today announced that Mr. Dick Olver is to relinquish his
role as deputy chief executive and will step down from the Board on July 1,
2004.


Mr. Olver, who has been with BP for 30 years, will be retiring from the company
to take up the position of chairman of BAE Systems plc.


He will however continue his association with BP.  As from May 2004, he will
succeed Mr. Rodney Chase as a director on the Board of TNK-BP, taking the office
of deputy chairman, and will be engaged on a consultancy basis upon his
retirement from BP.


Mr. Olver 57, joined BP in 1973 and has held a number of senior management
roles, most recently managing director of Exploration and Production from
January 1998 and deputy chief executive since January 2003.  Mr. Olver's
responsibilities will be absorbed by other managing directors.


Peter Sutherland, chairman of BP, said: 'We are very sorry to lose Dick.  He has
had an excellent career with BP and made a major contribution to the Group's
continued success.'


Notes to Editors:


•    A biography of Mr Olver is attached.  Photographs are available from
     the BP Press Office.



Further enquiries:



BP Press Office, London, tel: [phone]





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