July 7, 2010 CNN Anderson Cooper: Alaska Pipeline CEO Stepping Down - Part 6 of 6

Kevin Hostler, Alaska Pipeline CEO, is stepping down.

Washington (CNN) -- -- The head of the company that operates the Trans-Alaska Pipeline announced his retirement Wednesday after criticism by a congressional committee and the internal watchdog unit of majority owner BP.

Kevin Hostler will step down as CEO of Alyeska, the BP-dominated consortium that operates the 800-mile pipeline, on September 30, the company announced.

"Retiring at the end of September is good for the pipeline, and it allows enough time for a proper transition," Hostler said. "Our executive team and other Alyeska leaders have worked toward developing leadership skills so that any transition in the organization is seamless."

The company said Hostler had previously discussed plans to retire by the end of the year. But a senior federal government source and another source with knowledge of the matter described his departure as a resignation, while the chairman of a congressional investigative subcommittee described Hostler's move as "early retirement."

"In our committee staff's meeting with Mr. Hostler last week, we expressed serious concerns about a recent internal report showing significant issues with the management culture at Alyeska," Rep. Bart Stupak, D-Michigan, said in a statement following the news. "That report found widespread dissatisfaction among employees of Alyeska regarding decisions made by management and the management style within the company. Mr. Hostler's early retirement does not come as a surprise, and I wish him the best in his retirement."
http://www.cnn.com/2010/US/07/07/alaska.pipeline.resignation/

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News & Politics

Tags:

• July 7
• CNN
• Anderson Cooper
• Bp oil Spill
• Alaska
• Pipeline CEO Stepping Down

[drusselm]

this kinda of crap goes on all the time every where they make money hand over fist and nothing ever happens till finally it does HAPPEN then they point fingers they are not following the law before and they will now for a little while maybe a year