Posted on 07/25/2010 11:03:25 AM PDT by Ernest_at_the_Beach
BP PLC's board is set to name managing director Bob Dudley as the company's new chief executive if, as expected, the board on Monday approves the negotiated departure of current chief Tony Hayward, people familiar with the matter said.
The plan before the board would elevate Mr. Dudley to the CEO spot on Oct. 1, allowing for a roughly two-month transition from Mr. Hayward, according to someone familiar with the plan. Mr. Hayward would stay on the board for the rest of the year. As expected, he will discuss BP's second-quarter results on Tuesday.
(Excerpt) Read more at online.wsj.com ...
I hope Dudley do right.
Recipe for Disaster?
Whoever it is - he better tell the truth about the release of the Libyan terrorist.
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