In May, embattled BP CEO Tony Hayward lamented that he wanted his company’s oil disaster in the Gulf of Mexico to be over so he could return to his privileged life. “There’s no one who wants this over more than I do,” said Hayward. “I would like my life back.” The Associated Press reports that Tony Hayward may very well get that chance with a non-executive position at BP’s Russian venture, TNK-BP:
Tony Hayward, who became the face of BP’s flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in October and be offered a job with the company’s joint venture in Russia, a person familiar with the matter said Monday.
Today, the BBC reports that Hayward is to “receive an immediate £600,000-a-year ($930,000) pension when he leaves the firm in October.” Moreover, the foreign oil giant’s executive board is expected to name Robert Dudley — the BP executive currently tasked with overseeing the company’s spill response efforts — as Hayward’s successor. However, as the Wonk Room’s Brad Johnson notes, “there is little reason to expect that the incoming BP CEO will change anything other than the accent.” In the past, Dudley has described a toxic dispersant as “dish soap” and called Hayward’s response to the oil disaster “fantastic.”