Wednesday, September 29, 2010

New BP CEO doing the corporate shuffle

And hoping that when he is done, you won't notice that there has been no real change but it looks nice.
Dudley, an American who formally takes over the London-based oil giant on Friday, also said he would elevate the company's safety chief, Mark Bly, the author of the recent report on the Macondo well blowout, and give him broader powers over the company's worldwide operations.

Andy Inglis, BP's head of global exploration and production, will leave the company at the end of the year and lose his seat on the company's board of directors effective Oct. 31. A graduate of Cambridge University, he joined BP 30 years ago.

While leading BP's efforts to get the Macondo well under control, Inglis has kept out of public view since the April 20 blowout, making his first appearance in Washington last week at an Interior and Energy Department panel about the accident. There he kept carefully to the company's script, noting that while the Macondo well was "by no means the deepest well . . . it did pose unique challenges." He took no questions.

The moves are the first management changes since chief executive Tony Hayward announced in late July that he would step down effective Oct. 1. They are designed to address widespread criticism of BP for failing to identify or punish key decision makers in the blowout.
So the safety guy who did nothing to make BP a safe company gets bumped up because he wrote a great CYA report. The proper action would be to seize all of BP's American assets and save the lives of American workers by instituting real safety changes. But that's a moot issue because workers lives are cheap and BP is a great corporation.

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