Robert Dudley Will Replace BP’s CEO Tony Hayward

Posted by on Jul 27th, 2010 and filed under Business, Featured. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

BP, a London based company had recently been faced with massive oil leak problem of almost five million barrels that resulted for the Gulf region to be polluted. The said incident was said to be the worst environmental disaster ever recorded in U.S. history. The company had decided to expel the current Chief Executive Officer Tony Hayward and be replaced with Robert Dudley.

The planned changes are expected to be announced today joining the second quarter financial report as well as Hayward’s speech to the shareholders. However, the appointment of Dudley as the new CEO will be effective on October 1 which will allow the company to settle first its current problems.

The soon to be new CEO of BP is the first American to manage the London based Company. The company had been criticized and rebuked by the Obama administration, Gulf-region businesses, Wall Street environmentalists and the affected residents. It is the top-most priority of the company to regain the trust of U.S. since 30% of the company’s business interest is found in the US and 40% are American shareholders.

Robert Dudley had served the company for almost 10 years, had 30 years of experience in the oil industry, headed BP’s oil spill disaster management team and had taken over positions such as president and CEO of BP’s Russian joint venture, TNK-BP from 2003 to 2008.

It is considered a good move by the company to have an American CEO since he will be in a better position to convince the US government to still allow BP in its drilling projects at the Gulf of Mexico.

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