Friday, June 18, 2010
Embattled BP CEO Tony “I want my life back” Hayward was relieved of managerial duties at the oil giant.
According to Britain’s Sky News, a day after he was grilled by the U.S. Congress, Tony Hayward is being demoted. BP Managing Director Bob Dudley will take over day-to-day oversight of the Gulf of Mexico oil spill while BP’s chairman, Carl-Henric Svanberg (he of the “small people” comment,) will assume major PR duties.
The reason for shake-up is obvious. BP executives acknowledged Hayward has screwed up royally as the company faced the worst public confidence crisis in its history.
Svanberg, acknowledged the Hayward’s comments have not been helpful to BP’s efforts to control fallout from the disaster.
“It is clear Tony has made remarks that have upset people,” Svanberg tells Sky News. “This has now turned into a reputation matter, financial and political and that is why you will now see more of me.”