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Share Price: 509.40
Bid: 510.30
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Change: -11.00 (-2.11%)
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Open: 520.00
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BP CEO draws up plans to step down -sources

Mon, 30th Sep 2019 12:10

* Bob Dudley has said he wants to retire at 65, or 2020

* BP discussed retirement plan at board meeting last week

By Ron Bousso

LONDON, Sept 30 (Reuters) - BP Chief Executive
Officer Bob Dudley is drawing up plans to step down next year,
ending a tumultuous decade at the helm of the oil and gas
company that swung from near collapse in 2010 to rapid growth
today, sources close to the company said on Monday.

Dudley, BP's first American CEO, has indicated several times
in closed discussions in recent years that he would like to
retire at the age of 65, taking him into 2020.

His retirement plans were discussed at BP's board meeting in
the United States last week, but no final date has been decided,
according to the sources.

A BP spokesman declined to comment.

(Reporting by Ron Bousso
Editing by Keith Weir)

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