BP Chief Dudley to Step Down Having Steered Oil Giant Through Gulf Disaster -- Update
04 Octubre 2019 - 2:15AM
Noticias Dow Jones
By Adria Calatayud
BP PLC said Friday that Chief Executive Bob Dudley will retire
next year, after almost a decade steering the U.K.-based energy
giant through the aftermath of the Deepwater Horizon crisis.
He will be succeeded by Bernard Looney, the chief executive of
BP's upstream segment. Mr. Looney will take up the CEO role and
join the BP board on Feb. 5, the company said.
Mr. Dudley took the reins as CEO from Tony Hayward in 2010,
taking over responsibility for the Gulf of Mexico oil-spill
containment and cleanup operation. The 2010 explosion killed 11
people and unleashed the worst offshore oil spill in American
history. Mr. Dudley also navigated the company through a collapse
in oil prices, which forced the entire industry to cut costs and
adjust to a world of cheaper crude.
"During his tenure he has led the recovery from the Deepwater
Horizon accident, rebuilt BP as a stronger, safer company and
helped it re-earn its position as one of the leaders of the energy
sector," said Chairman Helge Lund. "This company -- and indeed the
whole industry -- owes him a debt of gratitude."
Before becoming CEO, Mr. Dudley ran BP's joint venture with a
group of Russian billionaires, TNK-BP Ltd., but was forced out in
2008 following a dispute over control of the company.
Mr. Dudley will formally step down as CEO in February and retire
in March.
Mr. Looney has run BP's upstream business since April 2016 and
has been a member of the group's executive management team since
November 2010, the company said. Mr. Looney's base annual salary
will be GBP1.3 million ($1.6 million), BP said.
Lamar McKay, BP's deputy group chief executive, will serve as
chief transition officer.
(END) Dow Jones Newswires
October 04, 2019 03:00 ET (07:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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