Press releases in August 2008 | |||
TNK-BP’s Chief Financial Officer Resigns
TNK-BP today announced the resignation of its Chief Financial Officer, James Owen. Mr. Owen tendered his resignation in a letter dated August 4th addressed to the CEO of TNK-BP, Robert Dudley, and copied to members of the Board of Directors of TNK-BP Limited. Mr. Owen’s resignation will be effective from the end of August.
Mr. Owen’s letter states that as the current shareholder issues remain unresolved he feels it is difficult for him to continue working independently, as his role demands.
TNK-BP President and Chief Executive Officer, Robert Dudley said: “Along with many others in TNK-BP, I greatly regret that we are losing Jim. He is a well seasoned and highly respected leader in the global financial community, as well as being a valuable member of our top management team inside TNK-BP. Our company’s financial standing and internal governance processes have been greatly strengthened under his management and he will be very hard to replace. We all wish him well for the future”.
Notes to Editors:
Mr. Owen has held the position of Chief Financial Officer with TNK-BP since he was appointed in January, 2006 following a global recruitment campaign. He had previously worked in a variety of countries in senior operational and international financial positions with Chevron Corporation, one of the world’s largest international oil companies, including with Tengiz Chevroil immediately prior to joining TNK-BP.
Mr. Owen was a member of the top management team in TNK-BP, and one of the five senior executives making up the Core Executive Committee. He was a participant in TNK-BP Board of Director meetings and chaired several important internal committees.
The appointment of the Chief Financial Officer at TNK-BP is a matter requiring approval of the TNK-BP Board of Directors.
For further information contact:
TNK-BP International Media: Marina Dracheva — telephone +7 903
TNK-BP Russian Media: Vladimir Bobylev — telephone