24 November 2009

Vivienne Cox to chair Climate Change Capital

London – 24 November 2009 Vivienne Cox, the former Executive Vice-President and CEO of BP Alternative Energy, is to become the chairman of Climate Change Capital, the investment manager and advisory group, it was announced today.

Ms Cox, who became a non-executive director of Climate Change Capital in May last year, said: ”Climate Change Capital has already made a significant contribution to the global carbon, renewables and clean tech markets, and is doing what it set out to do – to finance a reduction in carbon emissions and give investors a decent return. It is a business that is in the right place at the right time and I look forward to working with the board to develop its existing capabilities and new strategies for growth.”

Climate Change Capital CEO Shaun Mays said: “We are extremely pleased that someone of Vivienne’s calibre, with her experience and knowledge of the alternative energy business, should agree to head our board. We look forward to her contributing to the next stage of the development of the business.”

Ms Cox will become chairman on December 1. She takes over from Otto van der Wyck, the founder of two of Europe’s most successful private equity firms, who is stepping down after six years.  Also retiring from the board is James Rooney, the president of Kearsange Energy Development Corporation in the US.  Mr Rooney will remain chairman of MJ Bradley & Associates LLC, the US strategic environmental consultancy which CCC acquired in 2008, and President of CCC’s US holding company, Climate Change Capital Inc.

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For further information contact:

Climate Change Capital

Daniel Cremin                            +44 020 7939 5319


NOTES TO EDITORS

Vivienne Cox

Vivienne Cox (49) is the former CEO and Executive Vice President of BP Alternative Energy and a former member of the BP Executive Management Team.

Vivienne joined BP Chemicals in a commercial role in 1981, moving to BP Exploration in 1985, and then BP Finance. In 1990 Vivienne set up the commodity derivatives group within oil trading and in 1996 managed the development of new business in central and Eastern Europe.

In 1998 Vivienne became the CEO of Air BP; managing the sales of branded fuels in over 90 countries worldwide. Following this, Vivienne pulled together all BP's trading activities in Oil, Gas, Chemicals and Finance into a single organisation which she led until 2006.

Vivienne was an Executive Vice President from 2004 and in 2008 she brought together all of BP's activities in renewables.

Vivienne is on the boards of Rio Tinto plc and INSEAD and is the Patron of St. Francis Hospice Charity, UK. 

She holds a Bachelors degree, an MSc in Chemistry from Oxford University and an MBA at INSEAD.

She’s married with two children and her hobbies are gardening, sailing and squash.

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