Robert Dudley Is New CEO Of BP

July 27th, 2010 - 8:40 pm ICT by GD  

By Gina Gomez
Robert DudleyLondon, United Kingdom, July 27, (THAINDIAN NEWS) Following one of the largest disasters in recent times and facing a lot of criticism over the oil leak episode in the Gulf of Mexico, BP, the world’s largest energy company has decided to replace Tony Hayward, the present CEO of the company with Robert Dudley. While the former’s ouster from BP was being talked about for a couple of days now, the news is official that Robert Dudley will replace Tony Hayward and will thus become the first non-British CEO of BP.

Tony Hayward’s role in the Gulf oil spill has been highly criticized and thus it was a natural decision taken by the company’s authorities to find a replacement for the current CEO for their company’s benefit. Robert Dudley reports as the new CEO from the 1st of October. It has been reported that during the tenure of Tony Hayward, BP has suffered a quarterly loss of $17 billion, most of which went into the recovery costs of the oil spill, one which has been referred to as the worst in the history of the United States. It is now up to Robert Dudley to adopt methods which will bring about a much needed boost to the company’s sad state of affairs.

After Robert Dudley assumes office as the new CEO of BP, the company will reportedly sell $30 billion worth of assets over a span of 18 months to recover the costs incurred during the disastrous oil spill. Robert Dudley has spent most of his growing up years in Mississippi, joining the energy company in the year 1999. BP will begin permanent plugging up work on the oil leak site from next week onwards.

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business, World News |