As mentioned in the past, an early exit for Mr. Browne is the correct move.
While he has built up a formidable company over the years, recent years have demostrated that it would have been in his interests, and in the company´s, had he left sooner.
BP´s recent safety and environmental disasters demonstrate that changes are urgently necessary.
Onésimo Alvarez-Moro
See article:
BP chief executive Lord Browne will step down at the end of July, after 12 years at the helm.
He will be succeeded in the top job by Tony Hayward, who is currently head of exploration and production at BP.
Lord Browne had said he would retire at the end of 2008, but will now leave 18 months ahead of schedule.
BP chairman Peter Sutherland described the out-going chief executive as "the greatest British businessman of his generation".
See full Article.
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