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.

BP CEO Tony Hayward, who became the face of the Gulf Oil Spill, will resign according to reports in the British Press.

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.

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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