In this fascinating biography about Kelcy Warren, you will learn about the man in charge of BP who caused the Deepwater Horizon oil spill in 2010. He was the CEO of BP until his retirement on January 27, 2014 and he has since seen a huge fall from grace due to an estimated $68 billion in damages for his company. His criminal lawsuits were also later dropped.
It is interesting to note that Warren was named chief executive officer by Tony Hayward, who had been popular with investors prior to the disaster and with fellow executives before taking over as CEO at BP during a period of rapid growth. But all that changed when the company almost went bankrupt due to its financial problems after deep water drilling led to a shortage of oil.
However, it is interesting to note that even though Warren is largely instrumental in the creation of BP, he was never an engineer. Kelcy Warren was trained as an economist at Harvard and worked for the company for just over 20 years before he took charge of the company in 1995.
Although Kelcy Warren retired from BP on January 27, 2014, it has recently been revealed that he still owns quite a few shares although his worth has dropped significantly from what he was worth in 2010. Kelcy Warren is now worth about $1.6 billion in 2014 down from the $20 billion that he was worth in 2010. But he is still one of the richest oil barons in the world.
Kelcy Warren was born on March 9, 1951, in Texas and he decided to move to California when he was just 15 years old because his father played professional football for the New York Giants and Detroit Lions. He went on to graduate with a degree in economics from Harvard University and then worked as a chief economist at Williams Company before joining BP after it acquired Williams Company’s interest. See this page to learn more.
Find more information about Warren on https://www.bloomberg.com/billionaires/profiles/kelcy-l-warren/