TNK-BP’s Head of Downstream Resigns

Monday, August 25, 2008

TNK-BP today announced the resignation of its Executive Vice President for Downstream, Anthony Considine. Mr. Considine tendered his resignation in a letter dated August 25th. His resignation will be effective from September 15th.

Mr. Considine is leaving TNK-BP after 5 years heading TNK-BP’s refining, trading and marketing businesses, to pursue other opportunities.

TNK-BP Chief Operating Officer, Tim Summers, said: “We regret we are losing Tony. In his 5 years of leadership with TNK-BP, he has set an outstanding example of cross cultural performance and success. His team has embodied what TNK-BP was set up to achieve – a unique and powerful blend of Russian and international expertise and talent which leads the industry. Tony has led the transformation of our refining and marketing business, including value chain optimization which has translated directly into consistently excellent financial results. Our Downstream safety performance has improved markedly during Tony’s leadership. He has also been a valued member of senior management, and we thank Tony for his outstanding contribution to the success of our company. We all wish him every success in future.”



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