BP CEO's pay rose to $13.4 million in 2017: This week’s people news

BP CEO Bob Dudley. Image: BP

Here is a list of human resources highlights as appeared in the Daily Oil Bulletin for the week ending March 30, 2018:

Shell names former Maersk Oil CEO Watkins as next U.S. boss

Royal Dutch Shell plc’s U.S. boss, Bruce Culpepper, will step down at the end of the year and be replaced by former Maersk Oil chief executive Gretchen Watkins.

Shell’s head of unconventionals, Greg Guidry, who oversees the Anglo-Dutch company’s shale production in North America and Argentina, will step down at June’s end, when Watkins will replace him. Watkins will retain her role as head of unconventionals when taking over as Shell U.S. country chair.

Clearview appoints Tony Angelidis as CEO

Clearview Resources Ltd. has appointed Tony Angelidis as president and chief executive officer. He is currently president and CEO of Bashaw Oil Corp.

The appointment comes after Clearview agreed to a “three-cornered” amalgamation on March 28 — a deal with privately-owned Bashaw, which involves the amalgamation of Bashaw with 2106458 Alberta Inc. (referred to as ‘Clearview Subco’), and a newly incorporated, wholly-owned subsidiary of Clearview established to effect a “three-cornered” amalgamation, whereby Bashaw and Clearview Subco will amalgamate.

Clearview will issue approximately 1.56 million voting common shares to the shareholders of Bashaw in exchange for cancellation of their Bashaw common shares. Upon completion of the amalgamation, Clearview will add Timothy Halpen, a director of Bashaw, to its board of directors.

Jeff Tooth leaves Harvest CEO post

Harvest Operations Corp. has appointed Sunki Lee, chief financial officer, as the company’s acting president and chief executive officer.

The appointment comes with the departure of outgoing CEO Jeff Tooth from the company. He had assumed the top brass role in December 2016.

BP chief Bob Dudley’s 2017 pay rises

BP plc chief executive Bob Dudley’s remuneration rose to $13.4 million in 2017, when the oil and gas giant’s profits more than doubled and production soared. His salary was up 13 per cent from 2016, when his pay package was cut by 40 per cent after a majority of shareholders opposed the company's pay policy.

Meanwhile, Royal Dutch Shell plc chief executive Ben van Beurden saw his total remuneration in 2017 rise to 8.9 million euros ($11 million) from 8.6 million euros the previous year.