Dick Olver

Quality 0.50 · 2 views · Updated 2 months ago

British businessman (born 1947)

title: "Dick Olver" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["1947-births", "living-people", "bae-systems-people", "reuters", "alumni-of-city,-university-of-london", "fellows-of-the-royal-academy-of-engineering", "knights-bachelor", "british-chairpersons-of-corporations", "british-chief-executives", "british-corporate-directors", "businesspeople-awarded-knighthoods"] description: "British businessman (born 1947)" topic_path: "engineering" source: "https://en.wikipedia.org/wiki/Dick_Olver" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary British businessman (born 1947) ::

::figure[src="https://upload.wikimedia.org/wikipedia/commons/8/8f/Dick_Olver.jpg" caption="Dick Olver at FT Goldman Sachs Business Book of the Year Award 2011"] ::

Sir Richard Lake Olver FREng (born 2 January 1947) was the chairman of BAE Systems, one of the world's largest defence contractors.

Biography

Early life

Richard Olver was born on 2 January 1947. He studied at City University London, where he gained a first class honours degree in Civil Engineering.

Career

He joined BP in 1973 and over the course of his 30+ years with the company rose to become deputy group chief executive in 2003. His early career involved a wide range of oil, gas and refining projects in Britain, Canada, Scotland, the Middle East and Norway. He was appointed vice-president, BP Pipelines Inc, BP North America, in 1979. In 1983, he became divisional manager for new technology with responsibility for offshore, Arctic and enhanced oil recovery technology development. In 1985, he became divisional manager of corporate planning and led the strategic team on the acquisition by BP of Standard Oil in the United States. In 1988, he became general manager, Gas, BP Exploration Europe, responsible for the operation, new business development and asset management, of BP and Britoil's European gas portfolio.

He was made chief of staff to the chairman of BP and head of corporate strategy for the BP Group in May 1990. In April 1992 he became chief executive, BP Exploration, USA. In 1995, he became deputy chief executive of BP Exploration. He was appointed to the board of BP and became CEO of Exploration and Production in 1998. He led the Upstream E&P business of BP for 5 years taking the business from 1.5mboepd to 3.6mboepd through the merger with Amoco and the acquisition of ARCO, thereby more than doubling the size of the business and generating $20bn/yr operating cash. He was then appointed deputy CEO in January 2003 and served in that role until his departure for BAE Systems plc in July 2004. He continued his association with BP as deputy chairman of TNK-BP until 2006.

He became the non-executive chairman of BAE Systems on 1 July 2004. He replaced Sir Richard Evans, who had served with BAE Systems and its predecessor companies for over 30 years.

He was a non-executive director of Reuters and Thomson Reuters from 1997-2008 and a member of former Prime Minister Gordon Brown's Business Council for Britain from 2009 to 2010. He is a former member of Prime Minister David Cameron's Business Advisory Group and also serves as a UK Business Ambassador. He is an adviser to Clayton, Dubilier & Rice and HSBC and a board member of SandHill Petroleum BV and EdgeMarc LLC

Civic service

He served as chairman of the Academy's Education for Engineering (E4E) Policy Group whose membership is drawn from the chief executives of the Professional Engineering Institutions, the Engineering Council, Engineering UK and The Royal Academy of Engineering. Under Olver's Chairmenship, the E4E Policy Group had major successes in influencing government policy in education. He also chaired the Academy's Development Advisory Board which is committed to raising the recognition of the contribution engineering and engineers make to the health and wealth of UK society. He is also a Fellow of the Institution of Civil Engineers and a Fellow of the City and Guilds of London Institute. He was awarded an Honorary Doctorate in Science from City University, London in November 2004 and was awarded a second Honorary Doctorate in Science from Cranfield University In June 2006. He was elected as a Fellow of The Royal Academy of Engineering in July 2005 and served on the Academy's Council from 2006 to 2009. He was awarded the President's Medal in 2015 for services to the Royal Academy of Engineering and to the nation in education.

He was awarded the non-executive director (NED) of the Year Award at the 6th annual NED Awards sponsored by The Sunday Times in March 2012. He was knighted in the 2013 Birthday Honours for services to business and contribution to UK Corporate Governance.

Personal life

In 1968, he married Pamela Larkin. They have two daughters. In 2011, Olver, who lived in Essex, came under fire by local residents upon announcing his plan of developing a 9-acre estate called Hunterswood near Greenway Estate, Agatha Christie's estate on the River Dart near Galmpton in Devon.

References

References

  1. "List of Fellows".
  2. "Richard L. Olver". BAE Systems.
  3. "Top 100 defence contractors". Spiri.
  4. "City University London: Famous Alumni".
  5. "Reuters RNS filing announcing the appointment of Richard Olver as a non-executive director". Reuters.
  6. "Thomson Reuters press release announcing the retirement of Richard Olver as a non-executive director". Thomson Reuters.
  7. "Business Council for Britain members". The Department for Business Innovation & Skills.
  8. "Prime Minister David Cameron's Business Advisory Group 2011–2015". HM Government.
  9. "Clayton, Dubilier and Rice advisors". [[Clayton, Dubilier & Rice]].
  10. "Education for Engineering (E4E)". Education for Engineering (E4E).
  11. "The Royal Academy of Engineering development". The Royal Academy of Engineering.
  12. "List of Fellows".
  13. "List of Fellows".
  14. "2011 NED Awards winners". non-executive director (NED) Awards.
  15. {{London Gazette. (15 June 2013)
  16. (14 June 2013). "Birthday Honours List 2013". HM Government.

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

1947-birthsliving-peoplebae-systems-peoplereutersalumni-of-city,-university-of-londonfellows-of-the-royal-academy-of-engineeringknights-bachelorbritish-chairpersons-of-corporationsbritish-chief-executivesbritish-corporate-directorsbusinesspeople-awarded-knighthoods