BP boss Tony Hayward stands down from oil spill response

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EMBATTLED BP CEO Tony Hayward will hand over the management of the operation to cap the Gulf of Mexico spill, a day after he was mauled by US congress.
The news capped a nightmare week for the British energy giant that has left its public image in tatters, seen its shares rocked on the stock market and its top executives hauled to the White House.

BP chairman Carl-Henric Svanberg said chief executive Hayward, a Briton, was handing over the running of the containment efforts to another top official, Bob Dudley, yesterday.

"Right after the explosion, (Hayward) went out there and he has been leading the response ever since," Mr Svanberg told Sky News. "I think everyone believed it to be something we could deal with faster, then he would come back.


read on : [link to www.theaustralian.com.au]