New BP Lubricants CEO to oversee business in the Americas
WAYNE, N.J. — BP Lubricants Americas has promoted Paul Waterman from his existing role as general manager to CEO, where he will assume full responsibility for the companys lubricants business across North and South America. Waterman will succeed incumbent CEO Peter Meola, who is leaving BP to pursue other career options, May 1.
This is an exciting time for the Castrol brand, and for BPs lubricants business in the US, and elsewhere, Waterman said. Spending time with our key distributors and customers has shown me that there is still considerable opportunity to work in partnership with them to bring new offers to the consumer. That has always been Castrols strength, and it will continue to be so in the future.
Waterman majored in packaging engineering at Michigan State University, before going on to receive his MBA from New York University. Following college he joined Reckitt Benckiser, and subsequently worked at Kraft Foods and Nabisco in a variety of sales and marketing roles.
After joining Castrols US operations in 1994, Waterman quickly rose to general manager of the North America retail sales unit. Following BPs acquisition of Burmah Castrol in 2000, Waterman moved to the UK as head of BPs UK fuels and convenience retailing business, overseeing 1,400 company- and dealer-owned gas stations and leading the rollout of BPs new convenience retailing format, BP Connect. He was also a board member of the BP/Safeway joint venture and led BP into a new consumer loyalty program, Nectar, now the largest such program in the UK.
In late 2002, Waterman was appointed as executive assistant to Dr. Byron Grote, the BP Group chief financial officer, working at the companys London, UK headquarters.
After returning to the US in 2004, Waterman was appointed regional vice-president for the Arco am/pm convenience retailing business, based in La Palma, Calif. where he oversaw retail operations and led the implementation of a franchise revitalization program on the West coast. Waterman returned to the US lubricants business in 2006 to take up his current position as general manager for US operations.
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