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BP replaces CEO Hayward, reports $17 billion loss (AP)

July 27th, 2010 | Author: admin

BP Plc (British Petroleum) Executive Vice President for the Americas and Asia Robert Dudley speaks at the Boston College Chief Executives' Club in Boston, Massachusetts May 6, 2010. BP Plc is expected to install an American troubleshooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in U.S. history. Dudley, the U.S. executive managing the response operation to the spill in the Gulf of Mexico, is poised to get the top job in a move that could soften U.S.-led attacks on the British oil major, sources close to the company say. Picture taken May 6, 2010. REUTERS/Adam Hunger/Files (UNITED STATES - Tags: DISASTER ENVIRONMENT ENERGY BUSINESS)AP – BP’s embattled Chief Executive Officer Tony Hayward will be replaced by American Robert Dudley on Oct. 1, the company said Tuesday, as it reported a record quarterly loss and set aside $32.2 billion to cover the costs of the devastating Gulf of Mexico oil spill.


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