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BP hopes to turn page with new CEO, leaner company (AP)

July 27th, 2010

Members of the British Petroleum executive, from left, outgoing CEO Tony Hayward, Chairman Carl-Henric Svanberg, and incoming CEO Bob Dudley, pose for the media outside their global headquarters in London, Tuesday, July 27, 2010. The company announced that Hayward, BP's much-criticized CEO will be replaced by American Robert Dudley on Oct. 1, as it reported a record quarterly loss and set aside $32.2 billion to cover costs of the devastating Gulf of Mexico oil spill. BP said the decision to replace Hayward, 53, with the company's first ever non-British chief executive was made by mutual agreement. (AP Photo) **UNITED KINGDOM OUT**AP - Battered BP began reinventing itself in the shadow of the Gulf of Mexico oil spill Tuesday, naming its first American CEO as it reported a record $17 billion quarterly loss. Its outgoing chief miffed the White House anew with his parting comments.


Tags: leaner, turn, hopes, Page., Company

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