BP’s Hayward to leave as CEO; Russia job in works
Published 12:00 am Tuesday, July 27, 2010
NEW ORLEANS (AP) — Tony Hayward, who became the face of BP’s flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in October and be offered a job with the company’s joint venture in Russia, a person familiar with the matter said Monday.
The person spoke on condition of anonymity because an official announcement had not been made by the British company’s board, which was meeting Monday in London to decide Hayward’s fate. The decision is the board’s to make, and it was unclear if it had formally done so.
It’s not yet clear what Hayward’s role will be with TNK-BP. He left the board meeting Monday without speaking to reporters, climbing into a silver Lexus that sped off.
BP owns half of the oil firm, which is Russia’s third-largest.