management shakeup

BP Creates Safety Unit, Fires Executive

Incoming BP (BP) CEO Bob Dudley fired the executive at the center of the Gulf oil disaster and created a new division to improve safety. Andy Inglis, the head of the company%u2019s upstream business, will leave the company at the end of the year, BP said in a statement.

Campbell Soup CEO Conant to Step Down

Campbell Soup Company (CPB) CEO Douglas Conant will step down on July 31, 2011 after more than a decade in the post. Denise Morrison, currently the president of the company%u2019s North American soup, sauces and beverage unit, is expected to succeed Conant, Reuters reported. Morrison has been appointed chief operating officer, effective October 1.

Nokia Chairman Clears Up His Retirement Plans

When Nokia announced last week that its new CEO would be Stephen Elop, longtime Chairman Jorma Ollila, who led the company into the mobile phone business, was deliberately hazy about his own plans. Now we know: Ollila will remain on board through spring 2012 to help with the transition.

Philips Names Van Houten New CEO as of April 2011

Royal Philips Electronics (PHG) named Frans van Houten as its new CEO, effective April 2011. Van Houten, 50, will replace Gerard Kleisterlee, Bloomberg News reported. Van Houten was a member of the Philips management board until 2006, and led the spinoff of the company%u2019s semiconductor business.