Friday, September 10, 2010

BP’s (NYSE:BP) CEO Tony Hayward Joining TNK-BP (OTC:TNKBF) Board

Tony Hayward, who will be stepping down as CEO of BP (NYSE:BP) in October, will reportedly be replacing Andy Inglis on the board of TNK-BP (OTC:TNKBF), which is a joint venture with a group of wealthy Russians.

Inglis is the head of exploration and production for BP.

The board of directors of TNK-BP includes four Russians, four members from BP, and three independent directors.

Hayward was assigned to the region when he agreed to leave his role as CEO in the company after a series of public relation mistakes which made the problem worse for the oil giant.

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