Who is Bob Dudley?

bob_dudley_gi.top.jpgBob Dudley arrives at BP's headquarters in London Monday. He has been tapped to replace Tony Hayward as the company's CEO. By David Ellis, staff writer


NEW YORK (CNNMoney.com) -- So just who is Bob Dudley, the man named Tuesday to replace Tony Hayward as BP's chief?

A chemical engineer by training, Dudley got his start in the oil business working for Amoco, where he spent nearly two decades before the company merged with BP in 1998.

Since then, he's worked with various BP (BP) divisions, including a brief stint helping to oversee the company's solar, wind and hydrogen businesses. Most recently, he headed up TNK-BP, a joint venture that would become Russia's third-largest oil and gas company. He was named to BP's board in 2009.

Dudley's breadth of work experience and tenure within the oil industry make him a natural choice to succeed Hayward.

But many believe what has thrust him to the top is his background as a native of the Gulf Coast region.

Dudley, who grew up in Mississippi, has expressed a personal commitment to the clean-up effort and reiterated that pledge on Tuesday.

"In this change of roles, I particularly want the people of the Gulf Coast to know that my commitment to remediation and restitution in the region is not lessened. I gave a promise to make it right and I will keep that promise," he said in a statement after being named to his new post.

Dudley, 54, has spoken of moments swimming, fishing and family trips to the barrier islands off the coast of Mississippi and Louisiana.

Putting an American CEO in place, particularly one from the Gulf Coast region, could certainly help BP better manage the public relations nightmare the company is now facing, both locally and nationally.

The company has already committed $20 billion to compensate individuals and businesses affected by the spill. But it still could face billions more in fines and legal costs associated with the Deepwater Horizon, which exploded in April.

BP has since managed to temporarily cap the underwater well. But attempts to provide a permanent fix have been delayed as Tropical Storm Bonnie prompted crews to suspend efforts to create a relief well late last week. BP said Monday it will probably be several more days before it can resume drilling operations.

Hayward, who took over as CEO in May of 2007, was pulled off day-to-day leadership of the cleanup operation in June in favor of Dudley.

Dudley, a graduate of the University of Illinois, is married with two children and has, most recently, been living in London.

-- Grace Wong in London contributed to this report.  To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,828.24 0.49 0.00%
Nasdaq 4,791.63 4.31 0.09%
S&P 500 2,067.56 -5.27 -0.25%
Treasuries 2.19 -0.04 -1.79%
Data as of 5:15pm ET
Company Price Change % Change
Kinder Morgan Inc 41.35 -0.97 -2.29%
Halliburton Co 42.20 -5.14 -10.86%
General Electric Co 26.49 -0.38 -1.41%
Bank of America Corp... 17.04 -0.07 -0.41%
Apple Inc 118.93 -0.07 -0.06%
Data as of 1:02pm ET

Sections

Union-backed demonstrators are protesting outside some Walmart stores Friday, asking the company to pay workers at least $15 an hour. More

From their smartphones, tablets or laptops -- and the comfort of the living room or Thanksgiving dinner table -- Black Friday shoppers could find deals all week that rivaled the in-store doorbusters. More

Natalie's Cakes and More has raised $84,000 through GoFundMe after protests trash store. More

Retailers are promising big deals this Black Friday, but are the savings actually worth the shopping mayhem? Test your deal-sniffing skills. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.