commentary on Politics and a little bit of everything else

BP CEO Hayword relived of Gulf Oil Operation Oversight…….

Well…… he took his hits……

I guess he was found wanting in Washington and did not want to do that again…..

The new person will be Bob Dudley, the company’s managing director……

Good Luck!………

He’s gonna need it…….

BP’s chairman Carl-Henric Svanberg says Hayward, the face of the company during a crisis that has shattered BP’s reputation and sunk its stock price, will be replaced by Bob Dudley, the company’s managing director.

Svanberg, speaking on Sky News on Friday, said Hayward, grilled by a congressional committee on Thursday, was exhausted and that his recent public utterances may have hurt the company.

“It is clear Tony has made remarks that have upset people,” Mr Svanberg said.

Hayward first signaled the move during a June 4 call with investors, saying BP would create “a separate, stand alone organization… focused on the response, while the rest of the Company focuses on delivering our strategy.”

“I’ve asked Bob Dudley to take over the new organization.



June 18, 2010 - Posted by | Updates | ,

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