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Latest Business News

BP CEO John Browne Resigns Amid Furor

Tuesday, May 01, 2007 5:22:31 PM
By D'ARCY DORAN

 Lord John Browne, Chief Executive Officer of BP Group addresses the media, in this March 24, 2005 file photo, at City Hall in Texas City, Texas, regarding the explosion at their plant in Texas City that killed fifteen people. BP PLC's chief executive, John Browne, resigned Tuesday, May 1, 2007  only hours after a judge cleared the way for a newspaper to publish details of his private life. Browne had led the huge energy company for more than a decade. He had announced earlier this year that he would resign at the end of July. (AP Photo/Tony Gutierrez, file)LONDON (AP) - BP PLC's Chief Executive John Browne resigned Tuesday, hours after a judge allowed a newspaper to publish allegations from a former boyfriend that the executive misused company resources.

Browne, who had already moved up his departure by more than a year after a deadly refinery blast in Texas and a giant oil spill in Alaska, denied any improper conduct relating to BP. But he acknowledged that he had lied to a judge about how he met his former partner, with whom he had a four-year relationship.

The Mail on Sunday, the newspaper that had sought to publish the claims, immediately called for Browne to be prosecuted for perjury.


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