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BP chief executive Bob Dudley to retire

Christian Fernsby | London, United Kingdom | October 4, 2019
Bob Dudley BP announced that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, has decided to step down as group chief executive and from the BP board on 4 February 2020 and will retire on 31 March 2020.
Mr. Dudley became group chief executive on 1 October 2010.

Mr. Dudley joined Amoco Corporation in 1979, working in a variety of engineering and commercial posts.

Between 1994 and 1997 Mr. Dudley worked on corporate development in Russia.

In 1997 he became general manager for strategy for Amoco and in 1999, following the merger between BP and Amoco, was appointed to a similar role in BP.

Between 1999 and 2000 Mr. Dudley was executive assistant to the group chief executive, subsequently becoming group vice president for BP's renewables and alternative energy activities.

In 2002 Mr. Dudley became group vice president responsible for BP's upstream businesses in Russia, the Caspian region, Angola, Algeria and Egypt.

From 2003 to 2008 he was president and chief executive officer of TNK-BP.

On his return to BP in 2009, Mr. Dudley was appointed to the BP board and oversaw the group's activities in the Americas and Asia.

During 2010 Mr. Dudley served as the president and chief executive officer of BP's Gulf Coast Restoration Organization in the US.

He was appointed a director of Rosneft in March 2013 following BP's acquisition of a stake in Rosneft.

Since 2016, Mr. Dudley has chaired the Oil and Gas Community of the World Economic Forum and is chair of the Oil and Gas Climate Initiative (OGCI).

The Board announces that Bernard Looney, currently chief executive, Upstream, will succeed Mr. Dudley as group chief executive and join the BP Board on 5 February 2020.

Mr. Looney will continue in his current role until this date.

Mr. Looney has run BP’s Upstream business since April 2016 and has been a member of the company’s executive management team since November 2010.

As chief executive, Upstream, he is responsible for all BP’s oil and gas exploration, development and production activities worldwide.

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