New BP boss announces major overhaul

New BP boss announces major overhaul

BP’s incoming chief executive took the first steps in rebuilding shattered confidence in the group today as he announced plans for a new safety division with “sweeping powers”.

Bob Dudley, who takes over from embattled boss Tony Hayward on Friday, said the launch of the new safety arm was part of a widespread overhaul at BP to restore trust after the Gulf of Mexico disaster.

He also announced a major shake-up of its exploration business that will see head Andy Inglis quit, as well as a review of how it manages third-party contractors and incentivises business performance.

Mr Dudley said: “These are the first and most urgent steps in a programme I am putting in place to rebuild trust in BP – the trust of our customers, of governments, of our employees, and of the world at large.”

He added: “The changes are in areas where I believe we most clearly need to act, with safety and risk management our most urgent priority.”

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