More Execs Expected to Leave TNK

Two vice presidents at TNK-BP will leave in October, sources said Tuesday, continuing an outflow of foreign managers that began during a recently resolved shareholder conflict.

The company announced last week that its 50-50 shareholders, BP and a quartet of Russia-connected billionaires, had fully resolved a protracted dispute over strategy and development at the company.

"Yesterday there was an announcement that Tom Wright and Steve Riddlington are leaving. The reason is unknown," a source close to the company said Tuesday.

Another source said Wright, TNK-BP's executive vice president for planning and performance management, and Riddlington, its vice president for finance and treasury, would leave in October.

Two key members of the oil company's senior management -- executive vice president for downstream Toni Considine and chief financial officer James Owen -- left the company earlier this year.

TNK-BP chief executive Robert Dudley left Russia this summer, citing harassment, and will now be replaced as demanded by Russian shareholders, who said he was managing the company in the interests of BP.

The British and Russian shareholders have also agreed that independent directors would join the TNK-BP boards and that a public offering would be made of up to 20 percent of TNK-BP's stock.