BP Plc said Chief Executive Officer Bob Dudley will retire early next year, a much-anticipated step after more than nine years at the helm of the oil and gas giant.
He’s succeeded by Bernard Looney, the head of upstream who has led BP into new countries and championed the latest technology.
Dudley’s most notable achievement was rescuing the company in the wake of the Deepwater Horizon catastrophe in the Gulf of Mexico that caused the biggest oil spill in US history and killed 11 people. His tenure has been focused on restoring the company to the position it held before the 2010

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