BP says its chief executive Bob Dudley, who led the company through near-bankruptcy after the 2010 Deepwater Horizon disaster, will leave next year. More here:
FILE PHOTO: Bob Dudley, Group Chief Executive, BP, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Lucy Nicholson/File PhotoBP took a number of steps in recent years around climate such as setting partial carbon emissions-reduction targets and investing in renewable energy. But many investors and activists say the 110-year-old firm needs to do more.
Dudley, who succeeded Tony Hayward, led the company through near-bankruptcy after the spill and through an oil price crash four years later. Preparations for Dudley’s departure were accelerated after Helge Lund became BP chairman in January with a mandate to oversee succession plans.
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