Ralph Alexander Joins Riverstone Holdings LLC as a Managing Director

New York – Riverstone Holdings LLC, a private equity firm specializing exclusively in the energy and power sectors, announced today that Ralph Alexander, a former senior executive at BP plc, has joined as a Managing Director. He will be based in Riverstone’s New York office.

David M. Leuschen and Pierre F. Lapeyre, Jr., Co-Founders of Riverstone Holdings, said, “Ralph is universally respected within the energy industry and we are delighted to welcome him as our newest partner. With his exceptional knowledge about all aspects of the energy industry and proven management track record, we believe Ralph will make a significant contribution to Riverstone.”
Mr. Alexander said, “Given the confluence of high oil prices and concerns around the environment, I believe the time has come for renewable and alternative energy to become mainstream. I am also convinced that private equity and Riverstone in particular are uniquely positioned to take on this challenge. I very much look forward to being part of a great team and working closely with David and Pierre."

For nearly 25 years, Mr. Alexander, 52, served in various positions with subsidiaries and affiliates of BP plc, one of the world’s largest energy firms.  From June 2004 until December 2005, he served as Chief Executive Officer of Innovene, BP’s $20bn olefins and derivatives subsidiary.  From 2001 until June 2004, he served as Chief Executive Officer of BP’s Gas, Power and Renewables and Solar segment and was a member of the BP group executive committee. Prior to that, Mr. Alexander served as a Group Vice President in BP’s Exploration and Production segment and BP’s Refinery and Marketing segment He held responsibilities for various regions of the world, including North America, Russia, the Caspian, Africa and Latin America. Prior to these positions, Mr. Alexander held various positions in the upstream, downstream and finance groups of BP.

Mr. Alexander is a Director of Anglo-American plc, Steinmart Corporation and previously served on the board of Foster Wheeler. He graduated with an MS in nuclear engineering from Brooklyn Polytech (now Polytechnic University) and holds an MS in management science from Stanford University. He is currently deputy-chairman of the board of Polytechnic University.