Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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

Index Last Change % Change
Dow 17,550.69 -47.51 -0.27%
Nasdaq 5,105.55 -9.84 -0.19%
S&P 500 2,093.32 -4.72 -0.22%
Treasuries 2.21 0.06 2.84%
Data as of 7:32am ET
Company Price Change % Change
Apple Inc 114.64 -3.80 -3.21%
Baxter International... 40.31 0.80 2.02%
Bank of America Corp... 17.80 0.03 0.17%
Baxalta Inc 37.10 3.95 11.92%
Frontier Communicati... 5.25 0.10 1.94%
Data as of Aug 4
Sponsors

Sections

The company's movie studios went up 13% thanks in large part to "Avengers: Age of Ultron." More

Bloomberg Philanthropies announced the first 8 cities that are part of the What Works Cities program, which is spending $42 million to encourage the use of open data. More

Security researchers have discovered how to use software to make any modern device -- printer, washing machine, air conditioner -- into a radio. More

Candle-Lite is committed to manufacturing in America -- which is a good thing because it contributes more than $300 million to Ohio's economy. More

You can't blame it on the economy anymore. More Millennials now have jobs, but are still living at home. More