BP Appoints New Head for Russia Amid Ukraine Political CrisisStephen Bierman
BP Plc, Russia’s largest foreign investor, has appointed David Campbell to manage its business in the country amid a souring in relations with the U.S. and European Union over the annexation of Crimea.
Campbell, who now heads BP’s chief executive office in London, has worked in Alaska, Iraq, and the North Sea, the company said in an e-mailed statement today. From 2003 to 2007, he was a senior member of the upstream leadership team of TNK-BP, a former joint venture in Russia with a group of billionaires, BP said.
“He has significant experience of working in Russia and will play a central role in shaping BP’s future and activities in one of the world’s most important oil and gas regions,” BP Chief Executive Officer Bob Dudley said in the statement.
The management move comes as the U.S. and EU have imposed sanctions on Russian politicians and businessmen in response to the country’s annexation of Ukraine’s Crimean peninsula. The sanctions have not touched the largest Russian oil producer OAO Rosneft, of which BP owns about 20 percent.
Campbell’s appointment begins immediately and will consolidate several leadership positions under one senior executive based in Moscow, BP said.