Bob Dudley Takes Over as President and CEO of Gulf Coast Restoration Organization

AP Photo via telegraph.co.uk

BP announced that effective immediately, Bod Dudley, managing director of BP PLC, will manage the company’s long-term response to the Deepwater Horizon incident and oil spill in the Gulf of Mexico.  The announcement provides further details about BP’s previously-announced Gulf Coast Restoration Organization, of which Dudley will be President and CEO.  In a press release issued today by BP:

The new organization will manage all aspects of the response to the Deepwater Horizon incident and the oil and gas spill in the Gulf of Mexico, ensuring that BP fulfils its promises to the people of the Gulf Coast and continues its work to restore the region’s environment. BP’s decision to establish this new organization in no way limits the resources that are available to meet the company’s commitments to clean up the spill and restore the Gulf Coast. BP’s Exploration and Production Segment will remain accountable for all activities relating to killing the MC252 exploratory well and containing the flow of oil and gas into the Gulf of Mexico.

Specifically, the newly-formed Gulf Coast Restoration Organization will:

• continue executing clean-up operations and all associated remediation activities;
• coordinate with government officials, including with the National Incident Commander, Admiral Thad Allen, and the governors and local officials in the Gulf States, to meet BP’s commitments as effectively and efficiently as possible;
• keep the public informed of BP’s clean-up and remediation activities;
• implement the $20 billion escrow account that BP announced as evidence of its commitment to compensate those individuals, businesses, and others who have been impacted by the spill; and
• continue to evaluate the spill’s impact on the environment.

As President and CEO of BP’s Gulf Coast Restoration Organization, Mr. Dudley will report to Tony Hayward, BP’s Group Chief Executive.  Under this structure, BP’s Gulf States response activities, which are centered in the Unified Command with the Coast Guard in New Orleans, will now report directly to Mr. Dudley.

So, does Mr. Dudley have what it takes to clean up the Gulf Coast and BP’s public image?  We’ll just have to wait and see, but let us know what you think in the comments.

Link: BP Press Release

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