BP changes leadership, pledges safety
BP’s incoming Chief Executive Bob Dudley has ousted the oil group’s exploration and production chief following the Gulf of Mexico oil spill and promised to restructure the company to boost safety.
Echoing a move BP made after the Texas City blast in 2005, Dudley also said yesterday he was appointing a new safety guru, Mark Bly, who would ensure safe practices across the organization.
BP shares closed up 3.9 percent at 421 pence, against a 0.2 percent drop in the STOXX Europe 600 Oil and Gas index.
Andy Inglis, the head of its upstream Exploration and Production, becomes BP’s second senior executive casualty of the spill following Dudley’s replacement of Tony Hayward, who enraged U.S. public opinion during the crisis with his gaffes.