icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

TNK-BP CFO announces resignation

TNK-BP CFO announces resignation
The Chief Financial Officer of Russian-British oil major TNK-BP is resigning, according to a statement released by the company.

James Owen made the announcement about his departure in a letter addressed to CEO Robert Dudley and TNK-BP Limited's Board of Directors.  He said he will leave the company at the end of August.

The CFO explained that persisting differences between Russian and British shareholders have prevented him from fulfilling his duties.  The departure is the latest fallout from a shareholder dispute which has seen CEO Robert Dudley leave Russia and continue to run the company from an undisclosed location in Europe.