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BP Lubricants names Waterman CEO

BP Lubricants Americas, best known for its category-leading Castrol brand of lubricants, announced the promotion of Paul Waterman to chief executive, assuming full responsibility for the company’s lubricants business across North and South America, effective May 1. Waterman was previously U.S. general manager. He succeeds Peter Meola, who is retiring from BP to pursue other career options. Waterman majored in packaging engineering at Michigan State University, before going on to receive his MBA from New York University. (April 18, 2007)