Hayward reportedly shipped off to Siberia

From BP chief in London, to a job in Siberia.

That is reported to be the fate of Tony Hayward, with the oil giant confirming he will step down on October the 1st.

The embattled chief executive was vilified over his handling of the oil leak in the Gulf of Mexico.

Hayward is being replaced by the head of US operations, Robert Dudley, who earlier stepped in to take over the spill clean-up operation.

News of Hayward’s departure came as the company announced a second quarter loss of the equivalent of 13 billion euros.

It also says it will set aside the equivalent of 24.8 billion to cover the cost of the spill.

Hayward will receive a year’s salary, said to be worth 1.2 million euros, and a job well away from the Gulf of Mexico.

It is reported he will be nominated to a non-executive position on the board of BP’s operations in Russia, where Robert Dudley previously worked.

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