BP Searches for New TNK-BP Chief Executive Officer

BP Plc (BP/) said the search for a new chief executive officer for its Russian venture, TNK-BP (TNBP), is still under way, declining to comment on press reports that former OAO GMK Norilsk Nickel CEO Denis Morozov may be chosen.

``The selection process is going on and we will let you know when there is something to announce,'' Vladimir Buyanov, a spokesman for BP, said today by telephone from Moscow.

TNK-BP has three candidates for the role, including Morozov, the Wall Street Journal reported today, citing people familiar with the situation. Morozov may be named to replace current CEO Robert Dudley in the next two weeks, the Sunday Times reported over the weekend, without saying where it got the information.

Other candidates include Peter O'Brien, vice president for finance and investments at OAO Rosneft, and Piotr Galitzine, former head of BASF SE (BAS)'s Russian unit, according to the Times.

Morozov declined to comment through a spokeswoman, who asked not to be identified by name.

Ursula von Stetten, a spokeswoman for BASF, said Galitzine left the company at the end of August. ``Therefore we can't comment on his plans for the future,'' she wrote in an e-mail to Bloomberg News.

Nikolai Manvelov, a spokesman for Rosneft, declined to comment.

To contact the reporter on this story: Greg Walters in Moscow at gwalters1@bloomberg.net

To contact the editor responsible for this story: Guy Collins at guycollins@bloomberg.net

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