TNK-BP's British Chief Retains His Post

At an extraordinary meeting today, the Board of Directors of TNK-BP Management, the company that controls the Russian assets of TNK-BP Ltd., voted against dismissing Robert Dudley from this post as the company's chief executive, a statement issued by Alfa-Group, Access Industries, and Renova consortium (AAR, the Russian shareholders of TNK-BP) says. Two directors voted for Dudley's removal, while three voted against. The results of the vote did not surprise AAR, as the three directors of the five-member Board of Directors of TNK-BP Management, who voted against, had been appointed by Dudley.