Watch VideoPlay Video
BP has confirmed that Tony Hayward will step down as the company's CEO on October 1st. He will be succeeded by American Bob Dudley.
In a statement accompanying its earnings update on Tuesday, BP says the decision was made by "mutual agreement." BP also reports it has taken a pretax charge of 32.2 billion US dollars for the Gulf of Mexico oil spill, and plans to sell assets worth up to 30 billion US dollars over the next 18 months. The company says Dudley will be based in London when he takes up his appointment and will hand over his present duties in the United States to Lamar McKay - the chairman and president of BP America. Bob Dudley, will be the first non-British chief executive of BP.
|BP has confirmed that Tony Hayward will step down as the company's CEO |
on October 1st. He will be succeeded by American Bob Dudley.