BP: Aware Former CEO Tony Hayward Considering TNK-BP Role
12 September 2011 - 11:13AM
Dow Jones News
BP PLC (BP.LN) said Monday it has known for a while that former
chief executive Tony Hayward is considering whether to resign his
position as a non-executive board member at the U.K. energy giant's
Russian joint venture, but has yet to receive any formal notice
from him.
"We have been aware for some time that Tony Hayward has been
considering his position at TNK-BP, but have not had any formal
indication of his intention to step down," said a BP
spokeswoman.
U.K. media reported Sunday that Hayward will soon inform BP of
his decision to resign from the board of TNK-BP Ltd. following the
announcement last week that his investment vehicle Vallares PLC
(VLRS.LN) will merge with Turkey's Genel Energy International
Ltd.
Immediate attempts to contact Hayward were unsuccessful.
-By Alexis Flynn, Dow Jones Newswires, +44 207 842 9471,
alexis.flynn@dowjones.com
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