Bob Dudley

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Bob Dudley
Bob Dudley Infobox.jpg
Born Robert Warren Dudley
(1955-09-14) September 14, 1955 (age 62)[1]
Queens, New York, U.S.
Nationality American
Occupation CEO, BP
Salary $11.6m (2016)[2]
Spouse(s) Mary Dudley

Robert Warren Dudley (born September 14, 1955) is the group chief executive of BP.[3] He had served as president and chief executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organization[4] responding to the Deepwater Horizon oil spill.[5]

Early life[edit]

Dudley was born in Queens, New York,[6] grew up in Hattiesburg, Mississippi,[5] and graduated from Hinsdale Central High School in suburban Chicago[7] in 1973. He received a bachelor's degree in chemical engineering from the University of Illinois, where he joined the fraternity Phi Kappa Psi and served as District 3 Archon. He then obtained a master of international management (MIM) degree from the Thunderbird School of Global Management and an MBA from Southern Methodist University.[8][9]

Career[edit]

U.S. President Barack Obama meets with BP executives in the Roosevelt Room of the White House, June 16, 2010. Pictured, from left, are BP CEO Tony Hayward, BP Chairman Carl-Henric Svanberg, BP General Counsel Rupert Bondy, BP Managing Director Robert Dudley, Senior Advisor Valerie Jarrett, Labor Secretary Hilda Solis, Attorney General Eric Holder, Vice President Joe Biden, President Obama, and Homeland Security Secretary Janet Napolitano.

He joined Amoco in 1979. He worked in a variety of positions including negotiating deals in the South China Sea. In 1994 to 1997 he worked for Amoco in Moscow. He became a general manager for strategy. After BP acquired Amoco he assumed a similar position at BP.[8]

From 2003-2008 he was president and chief executive of TNK-BP.[8][10][11] He was appointed when BP went into partnership with a group of Russian billionaires known as AAR.[12] The deal was worth $6bn (£3.6bn at the time). Under Dudley, the joint venture increased oil output by a third to 1.6 million barrels per day. However, he fell out with AAR, who accused him of favouring BP. Disputes escalated and reached a point where BP's technical staff were barred from working in Russia.[13] In June 2008, Bob Dudley left Russia in haste when his visa was not renewed.[14] At the time, he said he had faced "sustained harassment" from the Russian authorities. For five months, he attempted to run TNK-BP from an undisclosed secret location outside Russia but resigned in December 2008.[12] Wikileaks revealed that Bob Dudley strongly suspected Igor Sechin, Russia’s deputy prime minister and chairman of the state-owned energy company, Rosneft, for organizing a boardroom coup that led him to feel life-threatened.[15]

On April 6, 2009 he became a managing director of BP, and was given oversight of the company's activities in the Americas and Asia.[8]

On June 23, 2010 he was appointed president and chief executive officer of BP's Gulf Coast Restoration Organization working with the oil leakage in the Gulf of Mexico, which affects five US states. As head of the organization, he oversaw responsible for the cleaning work in the Gulf, the cooperation with authorities, informing the public about BP's activities surrounding the disaster and analyzing the damage caused by the disaster.[16][17]

On July 27, 2010, BP announced that Dudley would succeed Tony Hayward as BP's group chief executive on October 1, 2010. Dudley was also appointed to the board of directors.[18]

In March 2013, Dudley was offered a seat on the board of Rosneft. [19]

In April 2017, it was announced that BP was to cut Dudley's pay by $8 million after the shareholder revolt in 2016. 59% of the shareholders voted against Dudley's 2015 pay and benefits package worth $19.6 million.[20][21]

Personal life[edit]

Dudley is married to Mary Dudley, and they have two children.[8]

References[edit]

  1. ^ Robert Dudley in: Munzinger-Archiv
  2. ^ "BP slashes 2016 pay for boss Dudley". BBC. Retrieved April 6, 2017. 
  3. ^ "Bob Dudley | The board | Board and executive team | About BP | BP Global". Bp.com. Retrieved April 6, 2017. 
  4. ^ "BP names new chief of oil response team". BBC News. June 23, 2010. Retrieved June 23, 2010. 
  5. ^ a b Hamilton, Walter; Kraft, Scott (June 18, 2010). "Gulf oil spill: BP replaces CEO Tony Hayward". latimes.com. Retrieved June 19, 2010. 
  6. ^ [1][dead link]
  7. ^ Bosch, Sandy (July 27, 2010). "Bosch, ; 'New BP chief has Hinsdale connection''; 27 July 2010; ''Pioneer Local''; accessed 27 July 2010". Pioneerlocal.com. Retrieved July 8, 2010. 
  8. ^ a b c d e "Robert Dudley to Join BP Board" (Press release). BP. February 18, 2009. Archived from the original on July 25, 2010. Retrieved June 19, 2010. 
  9. ^ Business big shot: Robert Dudley - The Time July 7, 2008
  10. ^ "Business & Financial News, Breaking US & International News". Reuters.com. February 9, 2009. Retrieved June 19, 2010. 
  11. ^ "Who is Bob Dudley? Five things to know about BP's new point man". CSMonitor.com. Retrieved June 19, 2010. 
  12. ^ a b Profile: Bob Dudley, BBC News
  13. ^ BP, Russian billionaires, and the Kremlin: a Power Triangle that never was "Oxford Energy Comment", November 2011. Accessed November 24, 2011
  14. ^ How BP's Bob Dudley Got Kicked Out Of Russia In 2008, Business Insider, June 25, 2010
  15. ^ Tim Ross and Steven Swinford, WikiLeaks: BP boss Bob Dudley blamed new Rosneft partner Igor Sechin for 'black' plot against him, The Daily Telegraph, February 1, 2011
  16. ^ "BP's American diplomat". msnbc.com. Associated Press. June 28, 2010. Retrieved July 4, 2010. 
  17. ^ "BP Announces New Gulf Coast Restoration Organization" (Press release). BP. June 23, 2010. Retrieved July 4, 2010. 
  18. ^ Wardell, Jane (July 27, 2010). "BP replaces CEO Hayward, reports $17 billion loss". News & Observer. Associated Press. Archived from the original on July 29, 2010. Retrieved July 27, 2010. 
  19. ^ "Russia offers BP chief Bob Dudley a seat on Rosneft board". The Daily Telegraph. London. March 1, 2013. 
  20. ^ Petroff, Alanna. "BP cuts CEO Bob Dudley's pay by $8 million after shareholder revolt". CNNMoney. Retrieved 2017-10-26. 
  21. ^ "Subscribe to read". Financial Times. Retrieved 2017-10-26. 

External links[edit]

Preceded by
Tony Hayward
Chief Executive of BP
October 1, 2010–present
Incumbent