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BP chief executive likely to be ousted, sources say
Question of the Day
NEW ORLEANS | Gaffe-prone BP Chief Executive Tony Hayward — who incensed many on the Gulf Coast by saying he wanted his life back as they struggled with the fallout from the company’s massive oil spill — will be replaced, a senior U.S. government official said Sunday.
The official, who spoke on the condition of anonymity because an announcement had not been made, was briefed on the decision by a senior BP official late last week.
The government official did not know who would replace Mr. Hayward or when it would happen. One of the most likely successors is BP Managing Director Bob Dudley, who is currently overseeing the British company’s spill response.
Earlier Sunday, BP spokesman Toby Odone seemed to downplay media speculation about Mr. Hayward’s departure, saying he “remains BP’s chief executive, and he has the confidence of the board and senior management.”
BP’s board would have to approve a change in company leadership. An official announcement could come as early as Monday.
It’s been more than three months since an offshore drilling rig operated by BP exploded off Louisiana on April 20, killing 11 workers and setting off the spill. A temporary plug has stopped oil from gushing for more than a week now, but before that the busted well had spewed anywhere from 94 million to 184 million gallons into the Gulf.
Since the explosion, Mr. Hayward has made several highly publicized gaffes. Among them were going to a yacht race while oil washed up on Gulf shores and uttering the now-infamous: “I want my life back” line.
Oppenheimer & Co. senior analyst Fadel Gheit said in an interview Sunday that it was too bad Mr. Hayward’s career was derailed by the spill, but “unfortunately, he became a sacrificial lamb in a politically charged world.”
Mr. Dudley would be well-suited to take over, Mr. Gheit said, describing him as even-tempered and a good delegator. It’s never an easy time to instill new leadership in a company, though, he noted.
Sen. Mary L. Landrieu, Louisiana Democrat, said BP’s attitude about making things right is more important than who is running it.
“BP — from, I think, everybody’s perspective — made a very bad mistake,” she said. “I think what the world expects from BP is an acknowledgment that something was done wrong. I think BP has a long way to go to gain the trust of the people.”
The company has already spent roughly $4 billion on its response to the crisis. The final tally could be in the tens of billions of dollars.
Crews trying to plug the leaky well for good had to stop work late last week because of the threat from Tropical Storm Bonnie, but the effort was back on track as skies cleared Sunday.
A drill rig was expected to reconnect at around midnight to the relief tunnel that will be used to pump in mud and cement to seal the well, and drilling could resume in the next few days.
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