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TNK-BP CFO leaves the drama-plagued company

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Owen has tendered his resignation, stating in a letter that as current shareholder issues remain unresolved, he feels it too difficult to continue working independently.

Exiled TNK-BP president and chief executive officer Robert Dudley says: “Along with many others in TNK-BP, I greatly regret that we are losing Jim. He is a well seasoned and highly respected leader in the global financial community, as well as being a valuable member of our top management team inside TNK-BP.

“Our company’s financial standing and internal governance processes have been greatly strengthened under his management and he will be very hard to replace.”

Owen has been CFO at TNK-BP since January 2006. Before joinng the company, he worked for Chevron Corporation where he held a number of senior operational and international financial positions.

BP is feuding with a group of Russian investors who own 50 per cent of the Russian venture over strategy and management control.

Last week Dudley left the country to lead the business from a secret location.

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