Energy

BP's Tony Hayward To Lose Control Of Gulf Operations

According to SkyNews, Tony Hayward, CEO of BP plc will lose control over the company’s operations in the Gulf of Mexico, the site of the Deepwater Horizon disaster.

BP Chairman Carl-Henric Svanberg told the news service that Hayward “is now handing over the operation to Bob Dudley.” Dudley is a managing director of BP. “It is clear Tony has made remarks that have upset people,” Mr Svanberg said.

For some time it looked like Svanberg, who had been aloof and out of sight during the catastrophe, has pushed Hayward out instead. It was Svanberg who upset a number of Americans by calling Gulf residents “little people”. Either way, Hayward’s days seem to be numbered.

Douglas A. McIntyre

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.