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16

Robert Dudley Elected to the BP Board of Directors

Robert Dudley, the ex-head of the Russian-British oil joint venture TNK-BP who resigned last year over a conflict with Russian shareholders, has been elected to the BP board of directors, RIA Novosti reports

"The board of BP p.l.c. today announced that it has appointed Robert Dudley as a director with effect from April 6, 2009. As a managing director of the BP Group he will assume responsibility for the broad oversight of the company's activities in the Americas and Asia," BP said in a statement.

TNK-BP is split 50-50 between BP and the AAR consortium of Russian billionaire shareholders. The two clashed in 2008 over strategy, management and control of the third-largest oil producer in Russia.

Under a deal agreed by the parties, Dudley is to be replaced by an executive from outside BP with extensive Russian experience.

Author: Ksenia Kochneva