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  • 2008 July 8 08:05

    Russia's TNK-BP unit board votes against firing CEO

    The board of directors of TNK-BP Management, a subsidiary of oil major TNK-BP, voted Monday against canceling a contract with CEO Robert Dudley, TNK-BP's Russian shareholders reported according to Prime-Tass.

    TNK-BP Management is the TNK-BP subsidiary that manages TNK-BP's assets. Dudley is CEO of both TNK-BP and TNK-BP Management.

    In May, TNK-BP's Russian shareholders called on Dudley to resign, accusing him of ignoring their interests and acting in the interests of British oil company BP. The Russian co-owners and BP have 50% each in TNK-BP.

    The Russian investors, which include Leonard Blavatnik, Mikhail Fridman and Viktor Vekselberg, and BP are currently embroiled in a conflict over development strategy and management methods at their joint venture.
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2024 November 12

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2024 November 11

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2024 November 10

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2024 November 9

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