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Monday, December 01, 2008

TNK-BP CEO resigns

RBC, 01.12.2008, Moscow 13:18:24.TNK-BP chief executive Robert Dudley has handed in his resignation letter. Until a new CEO is appointed, Tim Summers will carry out his duties as interim CEO in addition to his current functions as Chief Operating Officer, the company's press office reported. Dudley's resignation is effective from today, December 1, in accordance with the memorandum of understanding between the Russian-British joint venture's shareholders. As reported in the company's statement, discussions are currently underway on a new CEO candidate, and shareholders are also mulling over changes to the Articles of Association and boards of directors of TNK-BP Holding and TNK-BP Management.

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