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BP's embattled Chief Executive Officer Tony Hayward is being replaced by an American, Robert Dudley. BP says the decision was made by mutual consent.
Dudley will become the company's first ever non-British CEO when he takes over on October 1st. He is currently BP's managing director, but spent 20 years at Amoco Corporation, which merged with BP in 1998.
He says his current priority is sealing the well in the Gulf of Mexico, and rebuilding relationships along the Gulf Coast and in Washington DC.
Robert Dudley, Incoming BP CEO, said, "I've spent the last three months, every day on the Gulf Coast. And I am going to focus for the next month and a half on what we are doing on the Gulf Coast, our relationships on the Gulf Coast and in Washington. Tony and I are going to work through a transition between now and the 1st of October."