- CNTV English - CCTV News

BP's Chief Executive to step down

07-26-2010 09:15 BJT

Watch Video

Play Video

Reports say BP's Chief Executive, Tony Hayward, whose gaffes added insult to oil-spill injury for residents of the US' Gulf Coast, is on his way out.

This could be a small comfort for those living along the coast as BP's biggest mistake under his leadership continues to foul their waters, beaches and way of life.

BP has decided Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure could be announced in the coming days, sources close to the company told Reuters.

BP's board will discuss the timing of Hayward's exit when it meets Monday to review BP's second-quarter results ahead of their release Tuesday.

Hayward has come under pressure over his handling of the spill and some of his comments.

He told a reporter he wanted his life back.

Tony Hayward, BP's Chief Executive, said, "Well, the first thing we say is I'm sorry. We're sorry for the massive disruption it has caused to their lives. There's no one who wants this thing more over than I do. You know, I'd like my life back. So, there is no one who wants this thing done more than I do and we are doing everything we can."

When he was called before Congress he said he wasn't involved in the decision making.

Tony Hayward, BP's Chief Executive, said, "I wasn't involved in any of the decision-making. It is clear there was some discussion amongst the engineering team and an engineering judgment was taken."

Henry Wasman, Republican, said, "It is clear to me that you don't want to answer our questions."

The London-based company could announce on Tuesday that Hayward will stand down in the months ahead, after a handover period, sources said.

However, the company is also mulling whether to hold off on announcing Hayward's departure until the well, which has been sealed with a temporary cap has been shut off for good.

BP, which has lost 40 percent of its market capitalization since the BP Deepwater Horizon rig exploded on April 20, killing 11 people.

The oil spill has poured countless barrels of oil into the Gulf, creating one of the worst environmental disasters on record in the United States.


Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program