Hayward is out at BP—and Dudley is in?

BP CEO Tony Hayward is said to be in meetings this weekend finalizing his exit deal—reportedly a one-million pound package and a 10-million pound pension. While the company denies any change, the Guardian newspaper reports that the reins will be handed over to Bob Dudley, who is overseeing the cleanup operation in the Gulf of Mexico. The company came to realize that in order to repair their dealings with the U.S., Hayward would have to go. Dudley is a U.S. citizen, with a strong track record at BP and Amoco before that.

The Guardian