Paul Waterman

Lynn Paul Waterman
Born July 24, 1964
America
Nationality American
Occupation Businessman, CEO
Known for CEO Elementis, CEO BP Castrol, CEO BP Australasia

Lynn Paul Waterman, usually known as Paul Waterman (born July 24, 1964), is an American businessman and the Chief Executive Officer of Elementis Plc. Paul was Global CEO of BP Lubricants, a part of the BP Group. Paul joined Castrol in 1994, which was acquired by BP in 2000. From 2007 to 2009 Paul was CEO of BP Lubricants Americas. From 2009 to 2010 CEO of BP Global Aviation, Industrial Marine & Energy Lubricant businesses and from 2013 CEO of BP Lubricants.[1] Paul has a B. Sc. Degree in Packaging Engineering from Michigan State University and a MBA from Stern School of Business.[2]

Early life and education

Waterman was born in Livonia, Michigan to parents Lynn Paul II and Linda Crider. In 1982, Paul graduated from Redford Union High School in suburban Detroit. He received a Bachelor of Science in Packaging Engineering from Michigan State University in 1987. During his time at MSU Paul was a member of the fraternity Delta Chi. In 1995 Waterman was awarded an MBA in Finance/International Business from Stern School of Business, New York University

Early career

Waterman began his career in consumer marketing in 1987, holding brand management roles at Reckitt Benckiser[3] and Kraft Foods.[4]

In 2005 Waterman became the incident Crisis Manager after the BP Texas City refinery explosion. Waterman coordinated BP response to the industrial accident which killed 15 employees and injured 170 others.[5]

In 2006, he returned to the BP Lubricants Americas as U.S. General Manager, and in May 2007 was promoted to Chief Executive for BP Lubricants Americas.,[6] assuming full responsibility for the company’s lubricants business across North and South America. He subsequently took up the role of CEO Castrol Global Aviation, Marine, Industrial & Energy Lubricants

BP Australasia

In 2010 Waterman relocated to Melbourne, Australia to take up roles as Chief Executive BP Australasia & Country President, BP Australia[7] In addition to his BP role, Waterman was appointed Chairman of the Australian Institute of Petroleum [8] in 2012

During his time in Australia Waterman became a speaker in the industry on the rising cost of doing business in Australia[9][10][11][12]

"AUSTRALIA is becoming an increasingly expensive place to do business resulting in almost every investment decision being a close call, a leading oil executive has warned. BP Australasia president Paul Waterman said the cost of doing business would have to go down or Australia would lose out

In 2011 whilst in his role as CEO there were market rumours that Waterman was being targeted by Australia’s second-largest oil and gas producer - Woodside - for the role of CEO [13]

Later career: Castrol and Elementis

In July 2013 Waterman was appointed Global Chief Executive of BP Lubricants and led the company through a period of growth.[14]

During his tenure as CEO, Waterman fronted a new joint venture with TechSolve, a specialized US-based manufacturing consultancy. The new entity, OPTIS,[15] develops technology and services to enable manufacturers of machined parts to improve efficiency in their operations and across the supply chain.

In October 2015, Waterman announced his resignation from BP to take up the position of Group Chief Executive of Elementis Plc a constituent of the FTSE 250 Index. It was announced on the London Stock Exchange in October 2015, effective 8 February 2016[16]

Personal life

Waterman is married to Stacey Waterman. They have two children: Elyse (1997) and Andrew John (2000)

References

  1. ↑ "Paul Waterman Profile". Bloomberg. Retrieved 14 January 2016.
  2. ↑ "Elementis Taps BP Lubricants'Waterman To Succeed Dutro". Fuels and Lubes. Retrieved 14 January 2016.
  3. ↑ "Elementis Appoints Paul Waterman As Chief Executive-Designate - See more at: http://www.morningstar.co.uk/uk/news/AN_1443787865732228800/elementis-appoints-paul-waterman-as-chief-executive-designate.aspx#sthash.73bx6HRK.dpuf". Morningstar. Retrieved 14 January 2016. External link in |title= (help)
  4. ↑ "New BP Lubricants CEO to oversee business in the Americas". Truck News. Retrieved 19 January 2016.
  5. ↑ "BP Australia Sustainability Report 2011/12" (PDF). BP. Retrieved 14 January 2016.
  6. ↑ "BP Lubricants USA Inc. Promotes Waterman to Chief Executive". BusinessWire. Retrieved April 18, 2007.
  7. ↑ "BP Australia announces new country president". www.bp.com. BP Group. 13 August 2010.
  8. ↑ "Membership Directory" (PDF). World petroleum council. December 2014.
  9. ↑ "Looking at The future of gas - Paul Waterman". Gas Today. Feb 2013.
  10. ↑ "Rising costs could hit energy sector warns BP Australasia president Paul Waterman". News.com.au. Herald Sun, Australia. Oct 2012.
  11. ↑ "rising-costs-could-hit-energy-sector-warns-bp-australasia-president-paul-waterman". Herald Sun, Australia. 2014.
  12. ↑ "oil-giant-tackles-challenge-of-growth". The Australian.
  13. ↑ Paton, James (February 3, 2011). "Woodside May Target LNG Partners in Pursuit of New CEO". Bloomberg Business.
  14. ↑ "Castrol Names Paul Waterman New CEO". OEM / Lube news. July 2013.
  15. ↑ "Castrol launches landmark joint venture with TechSolve". Techsolve. October 2014.
  16. ↑ "Elementis appoints Paul Waterman as Chief Executive". London Stock Exchange. Retrieved October 2015. Check date values in: |access-date= (help)
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