BP has announced after a 40-year career, Bob Dudley will step down as Group Chief Executive and from the BP Board following delivery of the company’s 2019 full year results on February 4, 2020. Dudley will officially retire on March 31, 2020. Bernard Looney, currently Chief Executive of Upstream, will succeed Dudley on February 5, 2020, to lead BP into through its energy transition.
Commenting on the announcement, BP Chairman Helge Lund said: “Bob has dedicated his whole career to the service of this industry. He was appointed chief executive at probably the most challenging time in BP’s history. During his tenure he has led the recovery from the Deepwater Horizon accident, rebuilt BP as a stronger, safer company and helped it re-earn its position as one of the leaders of the energy sector. This company – and indeed the whole industry – owes him a debt of gratitude.”
On Looney’s appointment, Lund added: “As the company charts its course through the energy transition this is a logical time for a change. Bernard has all the right qualities to lead us through this transformational era. He has deep experience in the energy sector, has risen through the ranks of BP, and has consistently delivered strong safety, operational and financial performance. He is an authentic, progressive leader, with a passion for purpose and people and a clear sense of what BP must do to thrive through the energy transition.”
Press Release Courtesy of BP.