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Lord Browne quits Goldman Sachs | |
(about 8 hours later) | |
Lord Browne of Madingley has resigned as a director at Goldman Sachs. | Lord Browne of Madingley has resigned as a director at Goldman Sachs. |
The move follows his resignation as chief executive of oil giant BP amid revelations he lied to a court over how he had met a gay partner. | The move follows his resignation as chief executive of oil giant BP amid revelations he lied to a court over how he had met a gay partner. |
Lord Browne had been on the board of directors at the investment bank since 1999 and served as the chairman of the audit committee, among other roles. | |
Goldman Sachs chief executive Lloyd Blankfein said Lord Browne had made an "enormous contribution". | |
"Lord Browne has made an enormous contribution to Goldman Sachs and our culture of teamwork, excellence and client service," said Mr Blankfein. | "Lord Browne has made an enormous contribution to Goldman Sachs and our culture of teamwork, excellence and client service," said Mr Blankfein. |
"His ability to identify and deal with the important issues affecting our business and our people has helped guide this institution since we became a public company," he added. | "His ability to identify and deal with the important issues affecting our business and our people has helped guide this institution since we became a public company," he added. |
Lord Browne has made an enormous contribution to Goldman Sachs and our culture of teamwork, excellence and client service Lloyd BlankfeinGoldman Sachs chief executive Profile: Lord Browne | Lord Browne has made an enormous contribution to Goldman Sachs and our culture of teamwork, excellence and client service Lloyd BlankfeinGoldman Sachs chief executive Profile: Lord Browne |
Lord Browne remains chairman of the advisory board of US private equity firm Apax Partners. | Lord Browne remains chairman of the advisory board of US private equity firm Apax Partners. |
Private life | Private life |
Lord Browne's career spanned 41 years at BP, where he was feted for building the company up into one of the world's biggest oil giants. | Lord Browne's career spanned 41 years at BP, where he was feted for building the company up into one of the world's biggest oil giants. |
He was due to retire in the summer, but quit to save the company from embarrassment after a newspaper won a court battle to print details of his private life. | He was due to retire in the summer, but quit to save the company from embarrassment after a newspaper won a court battle to print details of his private life. |
At the time, Lord Browne confirmed he did have a relationship with Canadian Jeff Chevalier who sold his story to Associated Newspapers - owners of the Mail on Sunday. | At the time, Lord Browne confirmed he did have a relationship with Canadian Jeff Chevalier who sold his story to Associated Newspapers - owners of the Mail on Sunday. |
But he "denied categorically" allegations that he misused BP resources to support Mr Chevalier. | But he "denied categorically" allegations that he misused BP resources to support Mr Chevalier. |
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