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BP boss Hayward prepares to quit over Gulf oil spill

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Tony Hayward is to step down as BP’s chief executive within the next ten weeks as the company seeks to draw a line under its disastrous oil spill in the Gulf of Mexico, sources said Tuesday.

Sources close to BP, which is battling to restore its reputation and stave off a takeover, said there was a growing expectation that Hayward, 53, would announce his departure in late August or September.

It could be linked to an announcement on a new strategy being crafted for the group, dubbed Future BP. Assuming the ruptured Macondo well has been permanently sealed by then, his exit is expected before October 1.

Full Story: BP boss Hayward prepares to quit over Gulf oil spill – NYPOST.com