Business News

PROFILE: Robert (Bob) Dudley, the quiet American chosen to save BP

Jul 27, 2010, 10:32 GMT

London - Robert (Bob) Dudley, the quiet American chosen to rescue BP Plc from financial and reputational disaster, is known as a man who can withstand harassment from the Russian secret service.

During his 30 years in the oil industry, the five-year stint as president and chief executive of TNK-BP, the oil giant's delicate and often troublesome joint venture with Russia, must count among the most memorable.

The project for oil exploration in eastern Siberia led to an acrimonious dispute in which BP's oligarch partners accused Dudley of 'violating Russian laws'. He was eventually forced to leave as his visa was not renewed, in June 2008.

At the time, Dudley reported 'sustained harassment' from the Russian authorities after the security service, the FSB, twice raided TNK-BP's offices in Moscow.

For five months, Dudley, accused by the Russians of 'favouring BP,' attempted to run the business from an undisclosed secret location outside Russia but resigned from the project in December, 2008.

Following the damaging reputational fallout from this year's Gulf of Mexico spill, BP was quick to push Dudley centre stage, pointing out his 'deep appreciation and affinity' with the Gulf coast.

Dudley, who was born in New York but grew up in Mississippi, studied chemical engineering at the University of Illinois before joining the Amoco Corporation in 1979, for whom he worked until its merger with BP in 1998.

A US passport holder, Dudley was given an honorary Commander of the British Empire (CBE) award by Queen Elizabeth II in 2009 for services to global energy security and industry.

After initially, in the late 1990s, taking on the role of executive assistant to BP's chief executive, he went on to oversee BP's operations in Russia, the Caspian Sea, Angola, Algeria and Egypt.

In 2003, he was appointed chief executive of TNK-BP and, in 2009, was made managing director of the BP group.

Well respected within the company, he was the obvious choice to take over from Tony Hayward, whose much-criticized response to the oil spill caused serious tensions with the US administration.

'Only an American can save the day at BP now,' one British oil analyst said.

On his appointment, effective from October 1, Dudley said: 'I do not underestimate the nature of the task ahead.'

But the company was financially robust with an enviable portfolio of assets and professional teams that were among the best in the industry.

'I believe this combination - allied to clear, strategic direction - will put BP on the road to recovery,' said Dudley.



COMMENT

blog comments powered by Disqus

Latest Headlines in Business

Older Talkback

Follow Us

Follow M&C on Pinterest

Search

Custom Search

Also Check Out

Lady Gaga takes in 'ladyboys' performance

Lady Gaga takes in ladyboys performance
Lady Gaga went to see Thailand's famous 'ladyboys' perform in Bangkok today (25.05.12). ... more

Beyonce Knowles nervous about comeback performance

Beyonce Knowles nervous about comeback performance
Beyonce Knowles is nervous about returning to the stage tonight (25.05.12) for the first time since having a baby. ... more

Reese Witherspoon's pregnancy is going 'great'

Reese Witherspoons pregnancy is going great
Pregnant Reese Witherspoon says she feels 'great' despite undertaking the long flight to the Cannes Film Festival in France from her home in California. ... more

Robert Pattinson refused to bare all for movie

Robert Pattinson refused to bare all for movie
Robert Pattinson refused to bare all for his new movie, telling director David Cronenberg it 'wouldn't happen'. ... more

Kristen Stewart's naked first day on set

Kristen Stewarts naked first day on set
Kristen Stewart spent her first day on the set of 'On The Road' naked but is surprised by how comfortable she was with the sex scenes. ... more

Anna Kendrick's nightclub lie

Anna Kendricks nightclub lie
'Twilight Saga' star Anna Kendrick used to pretend she was best friends with actress Ashley Olsen' to get into Los Angeles nightclubs. ... more

Janet Jackson wants Paris to enjoy childhood

Janet Jackson wants Paris to enjoy childhood
Janet Jackson doesn't want her niece Paris to begin her career now because she wants the 14 year old to enjoy her teen years. ... more

Nicole Kidman sent sexy texts to director

Nicole Kidman sent sexy texts to director
Nicole Kidman landed her role in 'Paperboy' after sending 'provocative' text messages to director Lee Daniels. ... more

Kelly Osbourne takes up golf

Kelly Osbourne takes up golf
Kelly Osbourne has a new hobby - she has taken up golf. ... more

Katy Perry's revealing film

Katy Perrys revealing film
Katy Perry is more 'revealing' than she's ever been in her 3D concert film 'Part Of Me' and joked the hardest part was being filmed without make-up. ... more