BP CEO Hayward Out - Claims 'Many Companies to Blame for Gulf Disaster'
As expected, BP board of directors announced that current BP CEO Tony Hayward would be stepping down October 1, and would be replaced by Robert Dudley the American BP executive who is heading up the current oil spill clean up efforts.
The beleaguered Hayward defended the BP safety record since he took helm in 2007, and defended his actions in response to the oil spill disaster that began with the explosion of the Deepwater Horizon oil rig on April 20. Additionally, Hayward made it clear that the blame for the oil spill disaster should be shared by other companies as well as BP.
In a webcast statement Hayward indicated that the obviously many human and equipment errors that resulted in the worst oil spill in U.S. history involved Cameron, the company that installed the blowout preventer, Transocean, the operator of the rig, and Halliburton, the company responsible for cementing the underwater oil drill.
With a current price tag of more than $3 billion that is likely to swell even further, BP has indicated that it will pursue legal action against their drilling partners to recoup some of the cost of the oil spill containment and clean up.