Peattie takes Fairfield top job

Fairfield Energy has prised BP's Russia chief away from the UK supermajor to become its new chief executive.

David Peattie will take up the top job at the UK-focused junior from 1 March as he steps aside from BP after 34 years with the oil giant.

BP revealed on Thursday that Peattie was leaving the company's top post in Russia from the end of February, to be replaced by current head of Iraq operations, Michael Townshend.

Peattie will remain on the board of TNK-BP, the UK supermajor's Russian joint venture, until the deal to sell its 50% stake to Rosneft is finally done and dusted.

Peattie joined BP as a petroleum engineer in 1979, working on projects in the North Sea, China, Australia and Papua New Guinea. He also worked variously for the company in UK, Belgium, Germany and US before being appointed head of Russia in 2008.

Fairfield chairman Ron Emerson said: "David joins at an extremely exciting time for Fairfield. With a group of supportive shareholders we are well capitalised, we continue to make extremely good headway in the development of our existing portfolio, and have a world class team throughout the organisation."

Peattie is replacing Chris Wright who is retiring as chief executive. Emerson said of the outgoing boss: "He has been critical in positioning Fairfield over the past two to three years, and it would be difficult to over emphasize the contribution he has made. 

"He has deftly led the business to this key point and he hands the reigns over with the company in its strongest position since its founding seven years ago."

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