BP yesterday nominated a Russian businessman as its candidate to serve as chief executive of TNK-BP, its Russian oil venture, in a move it hopes will mark the end of the bitter dispute over management of the company.
Pavel Skitovich, a director of Interros, the investment company controlled by Vladimir Potanin, the Russian tycoon, was put forward as BP's choice to head TNK-BP after a six-month search for a new chief executive.
BP said: “We have formally nominated Pavel Skitovich. He is a strong candidate and we think he is the right person for the job.”
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