Tony Hawyard’s Days As BP’s CEO Are Numbered
Posted by Media Outrage on July 25th, 2010
BP CEO Tony Hayward’s days are numbered as chief Executive:
BP Plc has decided Chief Executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company said on Sunday.
The Wall Street Journal, citing people familiar with the matter, reported that if BP’s board approves Hayward’s departure as expected, managing director Bob Dudley would be named to replace him as CEO.
As the boardroom drama intensified, clearing weather in the spill zone allowed work to resume on drilling a relief well to plug the leak that has been spewing oil into the Gulf for some three months.
A Transocean Ltd. rig was reconnecting equipment, a BP spokeswoman said. Other vessels that had left the region late Friday to get out of the path of what was Tropical Storm Bonnie were also returning.
BP’s board will discuss the timing of Hayward’s exit when it meets on Monday to review BP’s second-quarter results ahead of their release on Tuesday, the sources said.
“The details are being worked out,” one source said.
The London-based company could announce on Tuesday that Hayward will stand down in the months ahead, after a handover period, the sources said.
However, the company is also mulling whether to hold off on announcing Hayward’s departure until the Macondo well, which has been sealed with a temporary cap after leaking up to 60,000 barrels per day into the sea, has been shut off for good.
A BBC news report said Hayward has been negotiating the terms of his exit and a formal announcement was likely within the next 24 hours. The Wall Street Journal said the decision to move toward Hayward’s departure was “mutual.”
Mediaoutrage- The CEO always gets the brunt of the bad publicity.
July 26th, 2010 at 6:55 pm
yep..and guess what..he’s leaving with a $18 millions cheque…. thank for polluting the golf for the next 2 decades Tony..have fun in Russia
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