Please ensure Javascript is enabled for purposes of website accessibility

BPZ Energy COO Returning to BP

By Rich Smith - Sep 9, 2013 at 4:50PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Richard Spies will continue to sit on BPZ's board of directors.

Houston-based BPZ Resources (NYSE: BPZ) is losing its chief operating officer to BP (BP 1.75%).

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.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

BP p.l.c. Stock Quote
BP p.l.c.
BP
$30.18 (1.75%) $0.52

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
377%
 
S&P 500 Returns
123%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/08/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.