London (dpa) – BP chief executive Tony Hayward is to step down on
October 1 following the oil catastrophe in the Gulf of Mexico, the
company said in London on Tuesday.
Hayward, who has been with the firm for 28 years, had been
severely criticized for his handling of the disaster.
He is expected to be succeeded by Robert (Bob) Dudley, a
US citizen, at the helm of of Britain’s biggest company.
The news came as the company announced a second quarter loss of
17.1 billion dollars, mainly as a result of costs involved in
cleaning up the oil spill.
The April-June loss was the first quarterly deficit since 1992 and
came on top of 6.1 billion dollar profit for the first quarter of