Mr Owen’s letter stated that as the current shareholder issues remain unresolved he feels it is difficult for him to continue working independently, as his role demands.
Mr Owen has held the position of CFO with TNK-BP since he was appointed in January 2006 following a global recruitment campaign. He had previously worked in senior operational and international financial positions with Chevron. He worked with Tengiz Chevroil immediately prior to joining TNK-BP.
Robert Dudley, TNK-BP president and CEO, said: 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.
