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19

Temporary departure of TNK-BP CEO from Moscow will Have No Impact On Business

TNK-BP announced today that Chief Executive Robert Dudley has temporarily left Russia to run the company from outside the country

TNK-BP announced today that Chief Executive Robert Dudley has temporarily left Russia to run the company from outside the country.

Mr Dudley will continue as Group CEO, and as President and Chairman of the Management Board of TNK-BP Management and has all requisite authority to continue to run the company.

The company will continue to operate and trade as normal.

“I shall seek to provide continuity of management in the best interests of all shareholders pending a resolution of the differences between Alfa, Access, Renova and BP.,” Dudley said. “I will endeavour to continue to serve the best interests of all shareholders and hope that administrative pressure on the group will now ease. I hope this will enable our employees to continue with our business, outside of the media glare whilst the shareholders seek to resolve their differences” Dudley added.