Tuesday, August 31, 2010

Missouri DNR Director Heading Up BP (NYSE:BP) Fund

Missouri Department of Natural Resources director Mark Templeton has stepped down from his position to take over the role of heading up the $20 billion BP (NYSE:BP) fund.

A statement from Missouri Governor Jay Nixon said he will be the executive director of the "Office of Independent Trustees of the Deepwater Horizon Oil Spill Trust."

The decision to hire Templeton was made by the trustees of the fund, and not BP, according to BP spokeswoman Jessie Baker.

This isn't to be confused with the role of Kenneth Feinberg, who is administrating the claims portion of the compensation fund, not the fund itself.

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