Robert Dudley will replace gaffe-prone CEO Tony Hayward on Oct. 1. The company made the announcement Tuesday as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill.
Dudley told reporters the spill has been a wake-up call not only for BP, but the oil and gas industry overall. He said the company will be looking deeply at its review of operational safety and what it has learned from this spill.
Dudley's statement echoed BP Chairman Carl-Henric Svanberg, who said earlier, "BP will change as a result of this accident." Svanberg was speaking to investors during a webcast presentation on the company's second quarter results, which revealed a record $17 billion loss.