Matthew Lynn Matthew Lynn

The front-row forward who never loses a fight

Matthew Lynn profiles Peter Sutherland, the pugnacious chairman of BP who stands accused of forcing the early departure of the oil giant’s chief executive, Lord Browne

Of the Australian tycoon Alan Bond it used sometimes to be remarked that, after a nuclear war, there would be only three things left alive: seaweed, cockroaches and Bond. In British business these days, there is probably only one man with the same kind of durability: Peter Sutherland, chairman of BP. The recent warfare at the top of the giant oil company, which led to the early departure of its much-admired chief executive Lord Browne, might not have been nuclear. But it was noticeable that after the dust had cleared, Sutherland was still in his job and Browne wasn’t.

To anyone who knows him, that was no surprise. Sutherland has one of the toughest skins in global business. Through a series of big jobs — in politics, trade, finance and industry — the bluff Irishman has sailed from one triumph to the next. A lawyer by training, he has arguably the world’s most impressive CV. As well as heading BP, he is chairman of Goldman Sachs International, set up and ran the World Trade Organisation, and is a former European commissioner.

Despite such eminence, he has remained, at least so far as the British media are concerned, a largely background figure. ‘The role of the chairman is not to be the public face of the company,’ he has said. ‘I’m not a driven chairman, I look to find a consensus.’ Maybe so, but he’s not shy of combat either: once a prop-forward in top-level Irish rugby, he has been known to flatten a West End mugger.

Born into a relatively modest Dublin family, he was educated at University College and qualified as a barrister, appearing in such famous cases as the one in which Charles Haughey stood accused of illegal arms dealing.

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Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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