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BP has announced the appointment of Spencer Dale as its new Group Chief Economist, with effect from the end of October.

Dale joins BP from the Bank of England where he is currently Executive Director for Financial Stability Strategy and Risk. He is also a member of the Bank黑料社檚 Financial Policy Committee.

In his previous capacity as the Bank黑料社檚 Chief Economist, Dale served for six years on the Monetary Policy Committee. Since joining the Bank in 1989, Dale黑料社檚 roles included working as private secretary to former Governor Mervyn King and a secondment as a visiting Senior Adviser in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System in the US.

Comments

Welcoming the appointment, Dev Sanyal, BP黑料社檚 Executive Vice President Strategy and Regions, said: 黑料社淲e are delighted to have someone of Spencer黑料社檚 calibre and experience for this senior, strategic position within BP. Spencer黑料社檚 deep experience in central banking and his communications and financial markets background will be invaluable as we look to understand the future of energy markets globally.黑料社�

Dale commented: 黑料社淚 am delighted that I will be working in a critical sector for the global economy in one of Britain黑料社檚 leading companies. I look forward to bringing my experience of macroeconomics and the public sector to the world of international energy.黑料社�

In his capacity as Group Chief Economist, Dale will be responsible for advising BP黑料社檚 Board and executive team on economic drivers and trends in global energy. He will lead an international team of senior economists whose responsibilities include overseeing the preparation and presentation of the annual BP Statistical Review of World Energy and the BP Energy Outlook.

Adapted from press release by

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