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BP CEO Dudley, who managed wake of Gulf oil spill, to retire

10 months 23 hours 1 minute ago Friday, October 04 2019 Oct 4, 2019 October 04, 2019 4:34 AM October 04, 2019 in News
Source: Associated Press
New BP CEO Bernard Looney. Photo: BP
LONDON (AP) - Oil company BP says 49-year-old Bernard Looney will take over as CEO as Bob Dudley, who oversaw the aftermath of the 2010 Gulf of Mexico oil spill, retires next year.
  
BP said Friday that Dudley, 64, will step down as CEO and leave the board in early February after delivering the company’s 2019 full year results. He will retire at the end of March after a 40-year career.
  
Looney is currently the head of BP’s upstream operations and will join the board when Dudley leaves it in February.
  
Dudley became CEO soon after the Deepwater Horizon oil spill in the Gulf of Mexico, an environmental catastrophe that killed 11 rig workers. The spill cost BP over $60 billion, which Dudley managed by selling off businesses and refocusing operations.

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