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.
It's not yet clear what Hayward's role will be with TNK-BP. BP owns half of the oil firm, which is Russia's third-largest.Nice work if you can get it.
It was once run by American Bob Dudley, now the odds-on favorite to replace Hayward as BP CEO. After Hayward made a series of missteps, including telling reporters he wanted his life back as Gulf residents struggled to deal with the spill, Dudley took over as BP's point man in dealing with it. He was in London Monday with other board members.
Like I said, it didn't make any sense to fire the guy now. A lateral transfer on the other hand, well. That shows you just how seriously BP takes destroying the gulf. You get transferred to Russia.
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