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TNK-BP continues search for new company head - BP CEO


LONDON, February 3 (RIA Novosti) - The Russian-British joint venture TNK-BP is continuing its search for a new company head, BP chief executive Tony Hayward said on Tuesday.

TNK-BP, the third-largest oil producer in Russia, is split 50-50 between BP and the AAR consortium of Russian billionaire shareholders. The two groups clashed in 2008 over strategy, management and control of the company.

The previous TNK-BP CEO, Robert Dudley, left Russia in July 2008 over what BP alleged was a campaign of harassment by the Russian shareholders. He then stepped down on December 1, 2008. Tim Summers, TNK-BP's chief operating officer, has been acting CEO ever since.

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