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Lord Browne Resigns From Goldman Sachs Board

CNBC.com
Thursday, 10 May 2007 | 1:17 PM ET

John Browne, who quit as chief executive of BP on May 1 after it emerged he had lied during legal proceedings about how he met a gay former lover, has lost another job. Today, he resigned from the board of Goldman Sachs.

Browne, who helped build London-based BP into one of the largest oil companies in the world, was a Goldman director since the investment bank went public in May 1999.

On May 1 a UK court lifted an injunction preventing a newspaper group from publishing details about his private life. Browne had been due to step down in July, but accelerated his departure to avoid embarrassment to the company.

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