THE SPILL AFTER THE SPILL—BRITISH PETROLEUM’S TONY HAYWARD

Press Release date: July 27, 2010

BP today announced that, by mutual agreement with the BP board, Tony Hayward is to step down as group chief executive with effect from October 1, 2010. He will be succeeded as of that date by fellow executive director Robert Dudley.

By the time British Petroleum (BP) announced the resignation of CEO Tony Hayward, he was already public enemy number one. Hayward had been vilified as the face of the oil spill in the Gulf of Mexico. His words were only digging him a deeper hole. After the explosion on April 1, 2010 on the oil rig Deepwater Horizon, which killed 11 people and unleashed the worst oil-spill disaster in U.S. history, Hayward’s downward spiral ...

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