BP's boss Bob Dudley to step down after almost ten year at the helm 


BP’s boss Bob Dudley to step down after almost ten year at the helm

  • Dudley has reportedly held detailed talks about his retirement with BP chairman
  • Dudley could announce his exit by the end of the year 

The chief executive of BP is planning to retire after almost ten years steering the oil giant back from the brink after the Gulf of Mexico disaster.

Bob Dudley, an American who turned 64 this month, has reportedly held detailed talks about his retirement with BP chairman, Helge Lund. 

Dudley could announce his exit by the end of the year, Sky News reported. He took over as chief executive in 2010 after Tony Hayward left amid public anger over the Deepwater Horizon explosion and oil spill, which killed 11 people and cost BP around $65billion (£53billion) in fines and compensation. 

Dudley is expected to step down within 12 months

Dudley is expected to step down within 12 months

Dudley is expected to step down within 12 months, making him the world’s longest-serving major oil company chief. 

Bernard Looney, who runs BP’s upstream business, is tipped to succeed him.

 

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