Press reports say BP may be about to let chief executive Tony Hayward go following his handling of the Gulf of Mexico oil spill.
His departure could come in the next few days after the conclusion of negotiations of terms, 28 years after joining the company. The British oil giant’s board meets today to review its second quarter results, which are published on Tuesday, and it could make an announcement on Hayward’s future.
If he is on the way out, managing director Bob Dudley could replace him. As an American, he is thought likely to be more media-friendly after Hayward’s gaffes and “Englishness” turned him into a near hate figure following the spill, and more able to rebuild BP’s tarnished image in the US.
In the Gulf, with the dispersal of tropical storm Bonnie, work is already resuming. A “static kill”, where a mixture of mud and concrete blocks the leak, replacing the temporary cap, could start in three days. Drilling the relief wells which should provide a permanent solution has already resumed.