News that BP's (NYSE:BP) chief executive officer Tony Hayward will be booted from his position has caused a spokesman for the company to say he "remains the CEO."
This is the result of an article in the Times of London which said Hayward has at most about 10 weeks left at the helm of the company, whereby a new CEO will be named, with American Bob Dudley considered the front-runner by many.
BP spokesman Robert Wine said, “He has the full backing of the Board.”
Even so, there's almost no one outside the company that thinks Hayward will remain on board, and it's only a matter of when, not if, he's going to be relieved of his duties.
BP won't want to talk much of this at this time, as the important plugging of the leaking oil well is a triumph for them, and to focus on that would deter from the positives the company is finally getting.
Hayward is pretty much an irrelevancy now, and once the surety of the leak being permanently plugged arrives, it's probably at that time they'll make a move in a way that will appear a transferring of power to the cleanup part of the operations. That would keep things from being chaotic for the company.
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