BP names new point man to handle oil disaster

CNN Wire Staff

[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/US/06/23/gulf.oil.disaster/c1main.rigs.jpg caption="BP taps managing director as new point man in disaster response" width=300 height=169]

Embattled oil giant BP tapped its managing director Wednesday to lead a new and permanent Gulf of Mexico oil disaster organization.

Dudley was appointed president and chief executive officer of BP's Gulf Coast Restoration Organization, BP said in a statement.

Dudley said the new organization was designed to enable BP to push more of the company's resources toward the overall recovery effort and to make sure the claims process is transferred smoothly to Kenneth Feinberg, the independent director of BP's $20 billion compensation fund.

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