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BPZ Energy COO Returning to BP

Houston-based BPZ Resources (NASDAQOTH: BPZRQ  ) is losing its chief operating officer to BP (NYSE: BP  ) .

On Monday, BPZ announced that COO Richard Spies intends to move back to BP on Nov. 1. He will remain COO through Oct. 31, assisting the company in finding his replacement. Spies will also continue to serve of the board of directors of BPZ Resources.

Spies served as president of BP Russia from 2005 until he retired from BP in 2009. He has served as COO of BPZ since 2010 but has been on the company's board of directors only since last week -- joining Sept. 3.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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Related Tickers

11/25/2015 4:01 PM
BP $34.99 Down +0.00 +0.00%
BP p.l.c. (ADR) CAPS Rating: ****
BPZRQ $0.00 Down +0.00 +0.00%
BPZ Resources CAPS Rating: **