LGBTI Web site, Gay Star News announced today that former BP CEO Lord Browne of Madingley has become a shareholder in the business, taking a 12.5% stake.
Seven years after his resignation as CEO of BP, Lord Browne wrote The Glass Closet, a book about the acceptance and inclusion of LGBT people in business. He has since become a high profile advocate for greater openness in the corporate world.
Lord Browne said: ‘When I wrote The Glass Closet, I always hoped that it would grow into something more than just a book. Gay Star News provides the perfect platform for that growth.
‘I am looking forward to bringing the messages of The Glass Closet to a wider audience, supporting Gay Star News in its next phase of development, and improving the environment for LGBT people in business around the world.’
Tris Reid Smith, editor and co-founder of Gay Star News which is headquartered in London said: ‘I am immensely proud we have a business leader of the international standing of Lord Browne joining our team of shareholders.
‘This is a milestone in the development of Gay Star News – coming after a January in which we celebrated our third anniversary and saw over 5 million readers visit the site.
‘Lord Browne’s involvement will help us offer even more to readers, clients and stakeholders.’
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