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BP CEO Hayward nears exit as relief well work resumes

Sun, 07/25/2010 - 6:25pm
Reuters

LONDON/HOUSTON (Reuters) - BP Plc has decided Chief Executive Tony Hayward should step down over his handling of the Gulf of Mexico oil spill and his departure is likely to be announced in the next 36 hours, sources close to the company said on Sunday.

BP's board is due to meet in London tomorrow to discuss a plan for Hayward to step down and be replaced by Bob Dudley, a senior U.S. executive who is currently managing the oil spill response operation, the sources said.

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