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Mr Hayward’s departure from BP was reportedly eased by a pension pot valued at £10.8 million – worth about £600,000 a year.

In his first interview since agreeing to step down from the helm of BP, Tony Hayward has given the Journal a piece that deserves to become an all-time classic.For one thing, Mr. Hayward isn't just ...

BP announced that CEO Tony Hayward, who has become a potent symbol of corporate arrogance and greed, will step down on October 1. Hayward, who is British, will be replaced by American Robert Dudley.

BP's board reportedly decides Monday on a departure plan for CEO Tony Hayward. Under the plan, managing director Bob Dudley would become CEO. Eric Rosenbaum Jul 27, 2010 9:28 AM EDT ...

President Barack Obama said then that Hayward should have been fired — although BP later cooled the political heat by agreeing to set up a $20 billion compensation fund.

In New York, BP shares rose almost 5 percent Monday as the stock market anticipated a formal announcement about Hayward. Shares of BP PLC rose $1.82, or 4.9 percent, to $38.68 in midday trading in ...

Shares were up 2.6 percent at 408.95 pence ($6.33) in midafternoon trading in London. Hayward, 53, who has a Ph.D in geology, had been a well-regarded chief executive.

The oil giant's chief executive Tony Hayward will step down from BP's top post in October and take a job with TNK-BP, the company's joint venture in Russia, Sky News reported Monday.

In New York, BP shares rose almost 5 percent Monday as the stock market anticipated a formal announcement about Hayward. Shares of BP PLC rose $1.82, or 4.9 percent, to $38.68 in midday trading in ...

President Obama said Hayward should have been fired. Analyst Phil Weiss of Argus Research is among those who believe that BP’s future problems will be best faced with new leadership.