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BP's Chief Executive to step down

07-26-2010 09:15 BJT

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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

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