US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US Dudley expected new BP's CEO
Published in The Egyptian Gazette on 26 - 07 - 2010

LONDON - BP Plc is expected to announce in the next 24 hours that Chief Executive Tony Hayward will step down and be replaced by Bob Dudley, a soft-spoken American unlikely to repeat the gaffes which have come to define Hayward in many Americans' minds.
Dudley now heads BP's oil spill response effort. Just over a week ago, BP installed a temporary cap on the Macondo well, which had been spewing up to 60,000 barrels per day of oil into the Gulf of Mexico since April.
Hayward has described Dudley -- dispatched to Houston with just a small suitcase in the days after the rig explosion to help run efforts to cap the well -- as "the management team's Foreign Secretary -- or perhaps Secretary of State in American terms".
Before the spill, Dudley was managing director with responsibility for oversight of the Americas and Asia, a role which involved criss-crossing the globe, "making connections for BP", he said in an interview with the company's internal magazine late last year.
However Dudley was better known for his previous job as head of BP's Russian joint venture, TNK-BP.
After BP and its partners fell out over control of the business in 2008, he was forced to flee Russia, blaming a campaign of harassment by BP-TNK's billionaire oligarch co-owners.
Dudley had been boss from TNK-BP's formation in 2003 and under him the venture increased oil output 33 percent to 1.6 million barrels per day.
Supporters see this as evidence he has the skill to manage a big oil company. Last year BP pumped more oil and gas than any other non-government-controlled oil producer.
The Russian dispute was also highly charged, with BP accusing the Russian side of calling in the security services to target staff seen as aligned to BP.
Yet Dudley talks about this time without any trace of bitterness or even emotion, suggesting he has the personality to withstand the attacks he will doubtless soon attract in his new role.
BP sees rebuilding its reputation in the United States, on which it relies for future growth, as its most important goal after capping the Macondo well.
Dudley, born in New York, would be the company's first non-British CEO.
Directors hope his nationality will help offset some of the anti-British sentiment that has stuck to the company many US politicians now insist on calling "British Petroleum", the name the company ditched over a decade ago.
The son of a naval officer, Dudley was raised in Mississippi, whose coast is now being spoiled with oil escaping from BP's blown-out well.
Dudley started in the oil industry with Amoco as a field engineer in Texas. He later had roles in Scotland -- which he cites as the place where he most enjoyed living -- as well as in Russia and China.
He joined BP through its takeover of Amoco, after which he was made head of renewable and solar energy.


Clic here to read the story from its source.