Tony Hayward to step down; BP CEO will take job in Russia

Tony Hayward, the embattled BP CEO, will reportedly step down in October. Tony Hayward will take a job with BP's joint venture in Russia.

By , AP

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    BP CEO Tony Hayward, who became the face of the Gulf Oil Spill, will resign according to reports in the British Press.
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An official says BP CEO Tony Hayward will step down in October and take a job with TNK-BP, the company's joint venture in Russia.

Hayward became the face of BP's flailing efforts to contain the Gulf of Mexico oil spill and clean up millions in damages.

A person familiar with the matter spoke to The Associated Press on Monday on condition of anonymity because an announcement has not yet been made.

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Hayward's likely successor at BP is managing director Bob Dudley, an American who has been overseeing the spill response since June.

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