Bob Dudley
Encyclopedia
Robert "Bob" Dudley is the CEO of BP
. 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 Organisation responding to the Deepwater Horizon oil spill
.
, and graduated from Hinsdale Central High School
in suburban Chicago
in 1973. He received a BS
in chemical engineering
from the University of Illinois, where he joined the fraternity Phi Kappa Psi
and served as District 3 Archon
. Then he obtained an MIM
degree from the Thunderbird School of Global Management
and an MBA from Southern Methodist University
.
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.
From 2003-2008 he was president and chief executive of TNK-BP.. He was appointed when BP went into partnership with a group of Russian billionaires known as AAR. The deal was worth $6bn (£3.6bn at the time). Under Mr 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. In June 2008, Bob Dudley left Russia in haste when his visa was not renewed. 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. 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.
On April 6, 2009 he became a director of BP and was given oversight of the company's activities in the Americas and Asia. 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 is outmost 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.
On July 27, 2010, BP announced that Dudley would replace BP Chief Executive Tony Hayward
as the company's CEO on October 1, 2010.
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
. He had served as President and Chief Executive of TNK-BP
TNK-BP
TNK-BP is a major vertically integrated Russian oil company. It is Russia's third largest oil producer and among the ten largest private oil companies in the world. TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production...
and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organisation responding to the Deepwater Horizon oil spill
Deepwater Horizon oil spill
The Deepwater Horizon oil spill is an oil spill in the Gulf of Mexico which flowed unabated for three months in 2010, and continues to leak fresh oil. It is the largest accidental marine oil spill in the history of the petroleum industry...
.
Early life
Dudley was born in Queens, New York, grew up in Hattiesburg, MississippiHattiesburg, Mississippi
Hattiesburg is a city in Forrest County, Mississippi, United States. The population was 44,779 at the 2000 census . It is the county seat of Forrest County...
, and graduated from Hinsdale Central High School
Hinsdale Central High School
Hinsdale Central High School, or HCHS is a public four-year high school located at the corner of W. 55th St. and S. Grant St. in Hinsdale, Illinois, a western suburb of Chicago, Illinois, in the United States. Founded in 1879, the school is well known for its large spending per student, academic...
in suburban Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
in 1973. He received a BS
BS
BS, B.S., Bs or bs may refer to:-Academics:*Bachelor of Science degree, also abbreviated BSc*Bachelor of Surgery*Behavioural sciences-Standards:*Venezuelan bolívar's currency sign*Bolivian boliviano's currency sign...
in chemical engineering
Chemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...
from the University of Illinois, where he joined the fraternity Phi Kappa Psi
Phi Kappa Psi
Phi Kappa Psi is an American collegiate social fraternity founded at Jefferson College in Canonsburg, Pennsylvania on February 19, 1852. There are over a hundred chapters and colonies at accredited four year colleges and universities throughout the United States. More than 112,000 men have been...
and served as District 3 Archon
Archon
Archon is a Greek word that means "ruler" or "lord", frequently used as the title of a specific public office. It is the masculine present participle of the verb stem ἀρχ-, meaning "to rule", derived from the same root as monarch, hierarchy, and anarchy.- Ancient Greece :In ancient Greece the...
. Then he obtained an MIM
Master of Information Management
A Master of Information Management is an interdisciplinary degree program designed to provide studies in strategic information management, knowledge management, usability, business administration, information systems, information architecture, information design, computer sciences, policy, ethics,...
degree from the Thunderbird School of Global Management
Thunderbird School of Global Management
Thunderbird School of Global Management is a private business school whose main campus is located in Glendale, Arizona. Founded in 1946 by retired U.S...
and an MBA from Southern Methodist University
Southern Methodist University
Southern Methodist University is a private university in Dallas, Texas, United States. Founded in 1911 by the Methodist Episcopal Church, South, SMU operates campuses in Dallas, Plano, and Taos, New Mexico. SMU is owned by the South Central Jurisdiction of the United Methodist Church...
.
Career
He joined AmocoAmoco
Amoco Corporation, originally Standard Oil Company , was a global chemical and oil company, founded in 1889 around a refinery located in Whiting, Indiana, United States....
in 1979. He worked in a variety of positions including negotiating deals in the South China Sea
South China Sea
The South China Sea is a marginal sea that is part of the Pacific Ocean, encompassing an area from the Singapore and Malacca Straits to the Strait of Taiwan of around...
. In 1994 to 1997 he worked for Amoco in Moscow
Moscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
. He became a general manager for strategy. After BP acquired Amoco he assumed a similar position at BP.
From 2003-2008 he was president and chief executive of TNK-BP.. He was appointed when BP went into partnership with a group of Russian billionaires known as AAR. The deal was worth $6bn (£3.6bn at the time). Under Mr 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. In June 2008, Bob Dudley left Russia in haste when his visa was not renewed. 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. Wikileaks revealed that Bob Dudley strongly suspected Igor Sechin
Igor Sechin
Igor Ivanovich Sechin is a Russian official, considered a close ally of Vladimir Putin. Sechin is often described as one of Putin's most conservative counselors and the leader of the Kremlin's Siloviki faction, a statist lobby gathering former security services agents...
, Russia’s deputy prime minister and chairman of the state-owned energy company, Rosneft
Rosneft
Rosneft is an integrated oil company majority owned by the Government of Russia. Rosneft is headquartered in Moscow’s Balchug district near the Kremlin, across the Moskva river...
, for organizing a boardroom coup that led him to feel life-threatened.
On April 6, 2009 he became a director of BP and was given oversight of the company's activities in the Americas and Asia. 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 is outmost 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.
On July 27, 2010, BP announced that Dudley would replace BP Chief Executive Tony Hayward
Tony Hayward
Anthony Bryan "Tony" Hayward is a British businessman, the former chief executive of oil and energy company BP. He replaced John Browne, Baron Browne of Madingley on 1 May 2007. His tenure ended on 1 October 2010 in large part due to the circumstances of the Deepwater Horizon oil spill...
as the company's CEO on October 1, 2010.
Personal life
Dudley is married to Mary Dudley. They have two children. The couple is often referred to as the "thundercouple".External links
- Who Is BP's Robert Dudley?, CNBCCNBCCNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, july 25 2011