Tony Hayward
Encyclopedia
Anthony Bryan "Tony" Hayward (born 21 May 1957) is a British
businessman, the former chief executive
of oil and energy company BP
. He replaced John Browne, Baron Browne of Madingley
on 1 May 2007. His tenure ended on 1 October 2010 in large part due to the circumstances of the Deepwater Horizon oil spill
. He was replaced by Bob Dudley
.
, Buckinghamshire
, in 1957; the eldest of seven children. Later on, his family moved to nearby Windsor
. After attending the local state grammar school, he went on to gain a first class geology
degree from Aston University
followed by a PhD
from the University of Edinburgh
School of Geosciences. Joining BP in 1982, with his first job as a rig geologist in Aberdeen
, he quickly rose through the ranks in a series of technical and commercial roles in BP Exploration in London
, Aberdeen
, France
, China
and Glasgow
. Hayward first came to Lord Browne's attention during a 1990 leadership conference in Phoenix, Arizona
. As a result, he was made Browne's executive assistant.
In 1992, Hayward moved to Colombia
as exploration manager and became president of BP's operations in Venezuela
in 1995. In August 1997, he returned to London as a director of BP Exploration. He became group vice president of BP Amoco Exploration and Production as well as a member of the BP group's Upstream executive committee in 1999.
Hayward was appointed BP group treasurer in September 2000 where his responsibilities included global treasury operations, foreign exchange dealing, corporate finance, project finance and mergers and acquisitions. Hayward became an executive vice president in April 2002, and Chief Executive of exploration and production in January 2003.
In 2009, Hayward was awarded the honorary degree of Doctor of Science from University of Edinburgh
.
and the report on the explosion at the Texas City refinery, Peter Sutherland
, BP's non-executive chairman, accelerated the process for replacing Lord Browne, bringing the timetable forward from end-2008 (when Browne would be 60, and nominally forced to retire under BP's rules) to July 2007. Hayward, having been termed CEO designate by both internal and media commentators, came to the fore amid the competition, including Robert Dudley, chief executive of TNK-BP, the company's Russia
n joint venture, and John Manzoni, head of refining and marketing.
On 18 December 2006, in the run-up to replace Lord Browne as Chief Executive of BP Group, the Financial Times
reported that Hayward had criticised BP's management at an internal management meeting, in the wake of a blast at the firm's Texas City refinery that killed 15 people and injured more than 170 others. Hayward made the comments at a town hall meeting in Houston: "We have a leadership style that is too directive and doesn't listen sufficiently well. The top of the organisation doesn't listen sufficiently to what the bottom is saying."
On 12 January 2007 it was announced that Hayward would replace Lord Browne as BP Chief Executive. In preparation for Hayward's take up as Group CEO, on 2 February Andy Inglis
was appointed managing director of the BP Group, and succeeds Hayward as chief executive of BP's Exploration & Production (E&P) business.
Hayward was appointed to the Chief Executive position with immediate effect on 1 May 2007, after Lord Browne resigned following the lifting of a legal injunction preventing Associated Newspapers
from publishing details about his private life.
BP was paying Hayward an annual salary of £1,045,000; his 2008 bonus was £1,496,000 and in 2009 his bonus was £2,090,000.
, a top figure of Russian military and security services. The two negotiated on BP's deals with Russia.
, operated by BP. Eleven people were killed in the blast and oil began to leak from the ocean floor at a rate variously estimated to be between 5000 barrels (794.9 m³) and 100000 barrels (15,898.7 m³) per day. Hayward, and BP in general, initially downplayed the spill, stating on 17 May 2010 that the environmental impact of the Gulf spill would likely be "very very modest" and calling the spill "relatively tiny" in comparison with the size of the ocean. By 27 May, Hayward changed his assessment, calling the spill an "environmental catastrophe" in an interview with CNN
.
On 12 May 2009, in a postgraduate lecture to Stanford Business School, Hayward analyzed the role and organization of the company for which he acted as Chief Executive Officer. During the lecture he stated to the business students that "...our primary purpose in life is to create value for our shareholders. In order to do that you have to take care of the world." Subsequent statements that focused only on the individual corporate remit have also been quoted outside the context of the full lecture.
Hayward stated that his job might be at risk as a result of the spill, saying "we made a few little mistakes early on." He received criticism for various statements he has made during the spill, including telling a camera man to "get out of there" during a photo-op on the shores of Louisiana. On 30 May, he told a reporter "we're sorry for the massive disruption it's caused to their lives. There's no one who wants this thing over more than I do, I'd like my life back." He was widely condemned for his comment which was perceived as selfish, and United States Representative Charlie Melancon
(D-La.) called on Hayward to resign in the wake of this comment. He later apologized for the comment on BP America's Facebook
Page.
On 31 May, Hayward disputed claims of huge underwater plumes of oil suspended in the Gulf, as had been reported by scientists from three universities. Hayward said there was "no evidence" that plumes of oil were suspended under the sea, and that because it is lighter than water any plumes seen are just in the process of rising to the surface. A chemist from Louisiana State University
agreed with this assessment. Still other scientists have suggested that the manner of expulsion of the oil from the well and the use of dispersants may have led to an emulsion situation in which the oil is suspended in water for some time.
On 5 June the Daily Telegraph reported that Hayward sold approximately one third of his shares in BP a month before the Deepwater Horizon rig exploded. The shares subsequently fell in value by 30%, although the Telegraph stated: "There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history."
In an interview on NBC
on 8 June, U.S. President Barack Obama
said that Hayward "wouldn't be working for me after any of those statements", referring to the remarks Hayward made following the spill. The Obama administration had been public in their criticism of BP for the oil spill which was perceived to be for political purposes (as the White House was attempted to deflect criticism on how they handled the situation), and this criticism made it more difficult for BP to raise short-term funds in the capital market for their operations.
Before a congressional hearing on the oil spill held on 17 June, subcommittee chairman Bart Stupak
of Michigan
said that he expected Hayward to be "spliced and diced" by both himself and other committee members. Hayward's eleven-page document that he read to the committee included a passage in which he said he would "pledge as leader of BP that we will not stop until we stop this well ... and address economic claims in a responsible manner". He continued, "This is a complex accident, caused by an unprecedented combination of failures. A number of companies are involved, including BP, and it is simply too early to understand the cause."
On 18 June, the day after Hayward appeared before the congressional hearing, the chairman of BP said that Hayward would step away from daily involvement in the company's efforts in the Gulf. On 19 June, the day before Father's Day
, Hayward was in Cowes
– having taken a "day off" – in order to see Bob, his co-owned boat, participate in the JP Morgan Asset Management Round the Island yacht race off the Isle of Wight
. Rahm Emanuel
, President Obama's chief of staff, said that Hayward had committed yet another in a "long line of PR gaffes" by attending the race while the Gulf oil spill continued. Obama was also criticized for playing four hours of golf at the same time as the yacht race.
In June, BP put Mississippi
native Bob Dudley
in charge of handling the Gulf of Mexico oil spill. Dudley was appointed president and chief executive of the newly created Gulf Coast Restoration Organization, reporting to Hayward.
of BP."
BP announced on 27 July 2010 that Hayward would be replaced by Bob Dudley
as the company's chief executive effective as of 1 October 2010.
advisory board, from 2000 to 2003. Hayward is presently senior independent non-executive director of Corus Group
, appointed in April 2002, and a non-executive director of Tata Steel
. Hayward is a committee member of Audit, Nominations and Health, Safety and Environment. Hayward was appointed a Companion of the Chartered Management Institute
in September 2005.
As of 22 July 2011, it is reported that Hayward has been hired by Glencore International to oversee environment and safety.
On 8 September 2011, Hayward's venture firm, Vallares, merged with the Turkish oil firm Genel Energy
to create a $4.5 billion company with operations in northern Iraq.
British people
The British are citizens of the United Kingdom, of the Isle of Man, any of the Channel Islands, or of any of the British overseas territories, and their descendants...
businessman, the former chief executive
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of oil and energy company BP
BP
BP p.l.c. is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas "supermajors"...
. He replaced John Browne, Baron Browne of Madingley
John Browne, Baron Browne of Madingley
Edmund John Philip Browne, Baron Browne of Madingley, FRS FREng is President of the Royal Academy of Engineering and was group Chief Executive of BP until his resignation on 1 May 2007...
on 1 May 2007. His tenure ended on 1 October 2010 in large part due to the circumstances of the Deepwater Horizon oil spill
Deepwater Horizon oil spill
The Deepwater Horizon oil spill is an oil spill in the Gulf of Mexico which flowed unabated for three months in 2010, and continues to leak fresh oil. It is the largest accidental marine oil spill in the history of the petroleum industry...
. He was replaced by Bob Dudley
Bob Dudley
Robert "Bob" Dudley is the CEO of BP. He had served as President and Chief Executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organisation responding to the Deepwater Horizon oil spill.-Early life:Dudley was born in Queens, New York,...
.
Education and early career
Tony Hayward was born in SloughSlough
Slough is a borough and unitary authority within the ceremonial county of Royal Berkshire, England. The town straddles the A4 Bath Road and the Great Western Main Line, west of central London...
, Buckinghamshire
Buckinghamshire
Buckinghamshire is a ceremonial and non-metropolitan home county in South East England. The county town is Aylesbury, the largest town in the ceremonial county is Milton Keynes and largest town in the non-metropolitan county is High Wycombe....
, in 1957; the eldest of seven children. Later on, his family moved to nearby Windsor
Windsor, Berkshire
Windsor is an affluent suburban town and unparished area in the Royal Borough of Windsor and Maidenhead in Berkshire, England. It is widely known as the site of Windsor Castle, one of the official residences of the British Royal Family....
. After attending the local state grammar school, he went on to gain a first class geology
Geology
Geology is the science comprising the study of solid Earth, the rocks of which it is composed, and the processes by which it evolves. Geology gives insight into the history of the Earth, as it provides the primary evidence for plate tectonics, the evolutionary history of life, and past climates...
degree from Aston University
Aston University
Aston University is a "plate glass" campus university situated at Gosta Green, in the city centre of Birmingham, England.Established in 1895 as the Birmingham Municipal Technical School, Aston was granted its Royal Charter as Aston University on 22 April 1966...
followed by a PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
from the University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...
School of Geosciences. Joining BP in 1982, with his first job as a rig geologist in Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....
, he quickly rose through the ranks in a series of technical and commercial roles in BP Exploration in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....
, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
. Hayward first came to Lord Browne's attention during a 1990 leadership conference in Phoenix, Arizona
Phoenix, Arizona
Phoenix is the capital, and largest city, of the U.S. state of Arizona, as well as the sixth most populated city in the United States. Phoenix is home to 1,445,632 people according to the official 2010 U.S. Census Bureau data...
. As a result, he was made Browne's executive assistant.
In 1992, Hayward moved to Colombia
Colombia
Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...
as exploration manager and became president of BP's operations in Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
in 1995. In August 1997, he returned to London as a director of BP Exploration. He became group vice president of BP Amoco Exploration and Production as well as a member of the BP group's Upstream executive committee in 1999.
Hayward was appointed BP group treasurer in September 2000 where his responsibilities included global treasury operations, foreign exchange dealing, corporate finance, project finance and mergers and acquisitions. Hayward became an executive vice president in April 2002, and Chief Executive of exploration and production in January 2003.
In 2009, Hayward was awarded the honorary degree of Doctor of Science from University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...
.
Replacement of Lord Browne
In light of safety and resultant production issues in AlaskaAlaska
Alaska is the largest state in the United States by area. It is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait...
and the report on the explosion at the Texas City refinery, Peter Sutherland
Peter Sutherland
Peter Denis Sutherland, KCMG is an Irish international businessman and former Attorney General of Ireland, associated with the Fine Gael party . He is a barrister by profession, and is also Senior Counsel at the Irish Bar...
, BP's non-executive chairman, accelerated the process for replacing Lord Browne, bringing the timetable forward from end-2008 (when Browne would be 60, and nominally forced to retire under BP's rules) to July 2007. Hayward, having been termed CEO designate by both internal and media commentators, came to the fore amid the competition, including Robert Dudley, chief executive of TNK-BP, the company's Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
n joint venture, and John Manzoni, head of refining and marketing.
On 18 December 2006, in the run-up to replace Lord Browne as Chief Executive of BP Group, the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
reported that Hayward had criticised BP's management at an internal management meeting, in the wake of a blast at the firm's Texas City refinery that killed 15 people and injured more than 170 others. Hayward made the comments at a town hall meeting in Houston: "We have a leadership style that is too directive and doesn't listen sufficiently well. The top of the organisation doesn't listen sufficiently to what the bottom is saying."
On 12 January 2007 it was announced that Hayward would replace Lord Browne as BP Chief Executive. In preparation for Hayward's take up as Group CEO, on 2 February Andy Inglis
Andy Inglis
Andrew G. Inglis b. 51 is a British engineer and Head of Exploration and Production of British oil company BP.-Background:Andrew graduated from Pembroke College with an MA in engineering in 1980....
was appointed managing director of the BP Group, and succeeds Hayward as chief executive of BP's Exploration & Production (E&P) business.
Hayward was appointed to the Chief Executive position with immediate effect on 1 May 2007, after Lord Browne resigned following the lifting of a legal injunction preventing Associated Newspapers
Associated Newspapers
Associated Newspapers is a large national newspaper publisher in the UK, which is a subsidiary of the Daily Mail and General Trust. The group was established in 1905 and is currently based at Northcliffe House in Kensington...
from publishing details about his private life.
BP was paying Hayward an annual salary of £1,045,000; his 2008 bonus was £1,496,000 and in 2009 his bonus was £2,090,000.
Negotiations with Russia's Igor Sechin
In 2008, Tony Hayward had private meetings with Igor SechinIgor Sechin
Igor Ivanovich Sechin is a Russian official, considered a close ally of Vladimir Putin. Sechin is often described as one of Putin's most conservative counselors and the leader of the Kremlin's Siloviki faction, a statist lobby gathering former security services agents...
, a top figure of Russian military and security services. The two negotiated on BP's deals with Russia.
Deepwater Horizon oil spill
On 20 April 2010, an explosion occurred on the Deepwater Horizon oil rigDeepwater Horizon oil spill
The Deepwater Horizon oil spill is an oil spill in the Gulf of Mexico which flowed unabated for three months in 2010, and continues to leak fresh oil. It is the largest accidental marine oil spill in the history of the petroleum industry...
, operated by BP. Eleven people were killed in the blast and oil began to leak from the ocean floor at a rate variously estimated to be between 5000 barrels (794.9 m³) and 100000 barrels (15,898.7 m³) per day. Hayward, and BP in general, initially downplayed the spill, stating on 17 May 2010 that the environmental impact of the Gulf spill would likely be "very very modest" and calling the spill "relatively tiny" in comparison with the size of the ocean. By 27 May, Hayward changed his assessment, calling the spill an "environmental catastrophe" in an interview with CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
.
On 12 May 2009, in a postgraduate lecture to Stanford Business School, Hayward analyzed the role and organization of the company for which he acted as Chief Executive Officer. During the lecture he stated to the business students that "...our primary purpose in life is to create value for our shareholders. In order to do that you have to take care of the world." Subsequent statements that focused only on the individual corporate remit have also been quoted outside the context of the full lecture.
Hayward stated that his job might be at risk as a result of the spill, saying "we made a few little mistakes early on." He received criticism for various statements he has made during the spill, including telling a camera man to "get out of there" during a photo-op on the shores of Louisiana. On 30 May, he told a reporter "we're sorry for the massive disruption it's caused to their lives. There's no one who wants this thing over more than I do, I'd like my life back." He was widely condemned for his comment which was perceived as selfish, and United States Representative Charlie Melancon
Charlie Melancon
Charles Joseph "Charlie" Melancon was the U.S. Representative for , serving from 2005 to 2011, and the unsuccessful 2010 Democratic nominee for the U.S. Senate seat currently held by Republican David Vitter.-Early life, education and career:...
(D-La.) called on Hayward to resign in the wake of this comment. He later apologized for the comment on BP America's Facebook
Facebook
Facebook is a social networking service and website launched in February 2004, operated and privately owned by Facebook, Inc. , Facebook has more than 800 million active users. Users must register before using the site, after which they may create a personal profile, add other users as...
Page.
On 31 May, Hayward disputed claims of huge underwater plumes of oil suspended in the Gulf, as had been reported by scientists from three universities. Hayward said there was "no evidence" that plumes of oil were suspended under the sea, and that because it is lighter than water any plumes seen are just in the process of rising to the surface. A chemist from Louisiana State University
Louisiana State University
Louisiana State University and Agricultural and Mechanical College, most often referred to as Louisiana State University, or LSU, is a public coeducational university located in Baton Rouge, Louisiana. The University was founded in 1853 in what is now known as Pineville, Louisiana, under the name...
agreed with this assessment. Still other scientists have suggested that the manner of expulsion of the oil from the well and the use of dispersants may have led to an emulsion situation in which the oil is suspended in water for some time.
On 5 June the Daily Telegraph reported that Hayward sold approximately one third of his shares in BP a month before the Deepwater Horizon rig exploded. The shares subsequently fell in value by 30%, although the Telegraph stated: "There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history."
In an interview on NBC
NBC
The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...
on 8 June, U.S. President Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
said that Hayward "wouldn't be working for me after any of those statements", referring to the remarks Hayward made following the spill. The Obama administration had been public in their criticism of BP for the oil spill which was perceived to be for political purposes (as the White House was attempted to deflect criticism on how they handled the situation), and this criticism made it more difficult for BP to raise short-term funds in the capital market for their operations.
Before a congressional hearing on the oil spill held on 17 June, subcommittee chairman Bart Stupak
Bart Stupak
Bartholomew Thomas "Bart" Stupak is a lobbyist and American politician of the Democratic Party. He served as the U.S. Representative from from 1993 to 2011....
of Michigan
Michigan
Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....
said that he expected Hayward to be "spliced and diced" by both himself and other committee members. Hayward's eleven-page document that he read to the committee included a passage in which he said he would "pledge as leader of BP that we will not stop until we stop this well ... and address economic claims in a responsible manner". He continued, "This is a complex accident, caused by an unprecedented combination of failures. A number of companies are involved, including BP, and it is simply too early to understand the cause."
On 18 June, the day after Hayward appeared before the congressional hearing, the chairman of BP said that Hayward would step away from daily involvement in the company's efforts in the Gulf. On 19 June, the day before Father's Day
Father's Day
Father's Day is a celebration honoring fathers and celebrating fatherhood, paternal bonds, and the influence of fathers in society. Many countries celebrate it on the third Sunday of June but it is also celebrated widely on other days...
, Hayward was in Cowes
Cowes
Cowes is an English seaport town and civil parish on the Isle of Wight. Cowes is located on the west bank of the estuary of the River Medina facing the smaller town of East Cowes on the east Bank...
– having taken a "day off" – in order to see Bob, his co-owned boat, participate in the JP Morgan Asset Management Round the Island yacht race off the Isle of Wight
Isle of Wight
The Isle of Wight is a county and the largest island of England, located in the English Channel, on average about 2–4 miles off the south coast of the county of Hampshire, separated from the mainland by a strait called the Solent...
. Rahm Emanuel
Rahm Emanuel
Rahm Israel Emanuel is an American politician and the 55th and current Mayor of Chicago. He was formerly White House Chief of Staff to President Barack Obama...
, President Obama's chief of staff, said that Hayward had committed yet another in a "long line of PR gaffes" by attending the race while the Gulf oil spill continued. Obama was also criticized for playing four hours of golf at the same time as the yacht race.
In June, BP put Mississippi
Mississippi
Mississippi is a U.S. state located in the Southern United States. Jackson is the state capital and largest city. The name of the state derives from the Mississippi River, which flows along its western boundary, whose name comes from the Ojibwe word misi-ziibi...
native Bob Dudley
Bob Dudley
Robert "Bob" Dudley is the CEO of BP. He had served as President and Chief Executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organisation responding to the Deepwater Horizon oil spill.-Early life:Dudley was born in Queens, New York,...
in charge of handling the Gulf of Mexico oil spill. Dudley was appointed president and chief executive of the newly created Gulf Coast Restoration Organization, reporting to Hayward.
Departure from BP
Following the oil spill, there were rumours that Hayward would resign, but the company dismissed these. A BBC report said that a BP press release stated that Hayward "has the full confidence of the Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of BP."
BP announced on 27 July 2010 that Hayward would be replaced by Bob Dudley
Bob Dudley
Robert "Bob" Dudley is the CEO of BP. He had served as President and Chief Executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organisation responding to the Deepwater Horizon oil spill.-Early life:Dudley was born in Queens, New York,...
as the company's chief executive effective as of 1 October 2010.
Other positions
Hayward was a member of the CitibankCitibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
advisory board, from 2000 to 2003. Hayward is presently senior independent non-executive director of Corus Group
Corus Group
Tata Steel Europe is a multinational steel-making company headquartered in London, United Kingdom. It is the second-largest steel-maker in Europe and is a subsidiary of Tata Steel of India, one of the ten largest steel producers in the world.Corus Group was formed through the merger of Koninklijke...
, appointed in April 2002, and a non-executive director of Tata Steel
Tata Steel
Tata Steel is a multinational steel company headquartered in Jamshedpur, India and part of Tata Group. It is the world's seventh-largest steel company, with an annual crude steel capacity of 31 million tonnes, and the largest private-sector steel company in India measured by domestic production...
. Hayward is a committee member of Audit, Nominations and Health, Safety and Environment. Hayward was appointed a Companion of the Chartered Management Institute
Chartered Management Institute
The Chartered Management Institute is a professional institution for managers, based in the United Kingdom.In addition to supporting its members, the organisation encourages management development, carries out research, produces a wide variety of publications on management interests, and publishes...
in September 2005.
As of 22 July 2011, it is reported that Hayward has been hired by Glencore International to oversee environment and safety.
On 8 September 2011, Hayward's venture firm, Vallares, merged with the Turkish oil firm Genel Energy
Genel Energy
Genel Energy is an oil company based in Turkey. It has its exploration and production operations in Iraqi Kurdistan with plans to expand its activities into other Middle East and North African countries....
to create a $4.5 billion company with operations in northern Iraq.
External links
- Biography at BP.com
- Presentation by Hayward to the IAEE re North Sea Oil
- Interview with CNN on the 2010 Gulf of Mexico oil spill
- Hayward's statement to the US House of Representatives Committee on Energy and Commerce (Subcommittee on Oversight and Investigations) (17 June 2010)
- Grilled by Lawmakers, Tony Hayward Denies BP Recklessness Led to Gulf Oil Disaster - video report by Democracy Now!Democracy Now!Democracy Now! and its staff have received several journalism awards, including the Gracie Award from American Women in Radio & Television; the George Polk Award for its 1998 radio documentary Drilling and Killing: Chevron and Nigeria's Oil Dictatorship, on the Chevron Corporation and the deaths of...