TNK-BP Billionaire Fridman Quits as CEO, Deepening Dispute
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TNK-BP said billionaire investor Mikhail Fridman resigned as chief executive officer, deepening a dispute between BP Plc and Russian shareholders at Russia’s third-largest oil producer.
Fridman, 48, who will leave within 30 days, also resigned from the company’s management board, leaving Viktor Vekselberg and German Khan, fellow shareholders in AAR, which owns 50 percent of TNK-BP, will remain, the company said. BP owns the rest of the venture, which accounts for about 25 percent of its production and reserves.