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Tony Hayward

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Tony Hayward
Hayward in 2008
Born1957
NationalityBritish
OccupationCEO of BP
Children2

Dr Anthony Hayward CCMI (born 21 May 1957) is the Chief Executive of oil and energy company BP Group, taking over from John Browne, Baron Browne of Madingley on 1 May 2007.

Life and career

Hayward gained a first class geology degree from Aston University in Birmingham followed by a PhD from Edinburgh University. Joining BP in 1982, with his first job as a rig geologist in Aberdeen, he quickly rose through the ranks in a series of technical and commercial roles in BP Exploration in London, Aberdeen, France, China and Glasgow. Hayward first came to Lord Browne's attention during a leadership conference in 1990 in Phoenix, Arizona. As a result he was made Browne's executive assistant.

In 1992, Hayward moved to Colombia as exploration manager and became president of BP's operations in Venezuela in 1995. In August 1997 he returned to London as a director of BP Exploration. He became group vice president of BP Amoco Exploration and Production as well as a member of the BP group's Upstream executive committee in 1999.

Hayward was appointed BP group treasurer in September 2000 where his responsibilities included global treasury operations, foreign exchange dealing, corporate finance, project finance and mergers and acquisitions. Hayward became an executive vice president in April 2002, and Chief Executive of exploration and production in January 2003.

In 2009, Hayward was awarded the honorary degree of Doctor of Science from Edinburgh University.

Replacement of Lord Browne

In light of safety and resultant production issues in Alaska and the report in to the explosion at the Texas City refinery, Peter Sutherland, BP's non-executive chairman, accelerated the process for replacing Lord Browne, bringing the timetable forward from end-2008 (when Browne would be 60, and nominally forced to retire under BP's rules), to July 2007. Hayward, having been termed CEO designate by both internal and media commentators, came to the fore amid the competition, including Robert Dudley, chief executive of TNK-BP, the company's Russian joint venture, and John Manzoni, head of refining and marketing.

On 18 December 2006 in the run up to replace Lord Browne as Chief Executive of BP Group, the Financial Times reported that Hayward had criticised BP's management at an internal management meeting, in the wake of a blast at the firm's Texas City refinery which killed 15 people and injured more than 170 others. Hayward made the comments at a town hall meeting in Houston: "We have a leadership style that is too directive and doesn't listen sufficiently well. The top of the organisation doesn't listen sufficiently to what the bottom is saying."

On 12 January 2007 it was announced that Hayward would replace Lord Browne as BP Chief Executive. In preparation for Hayward's take up as Group CEO, on 2 February Andy Inglis was appointed managing director of the BP Group, and succeeds Hayward as chief executive of BP's Exploration & Production (E&P) business.

Hayward was appointed to the Chief Executive position with immediate effect on 1 May 2007, after Lord Browne resigned following the lifting of a legal injunction preventing Associated Newspapers from publishing details about his private life.

BP pays Hayward an annual salary of £998,000 and in 2008 his bonus was £1,496,000.

Deepwater Horizon oil spill

Hayward has stated that his job might be at risk as a result of the 2010 Deepwater Horizon oil spill, admitting that "We made a few little mistakes early on." Hayward also called the oil spill "relatively tiny" in comparison with the size of the Gulf of Mexico.

Other positions

Hayward was a member of the Citibank advisory board, from 2000 to 2003. Hayward is presently senior independent non-executive director of Corus Group, appointed in April 2002, and a non-executive director of Tata Steel. Hayward is a committee member of Audit, Nominations and Health, Safety and Environment. Hayward was appointed a Companion of the Chartered Management Institute in September 2005. Hayward is an active member of the Bilderberg Group.

Personal life

Hayward is married with two children, and lives near Sevenoaks.

A keen fan of football club West Ham United F.C., Hayward lists his interests as sailing, triathlons and watching football, rugby union and cricket.

References

  1. BP_MAG_B3569_19-35.qxd
  2. ^ BBC NEWS | Business | Tony Hayward - BP's new boss
  3. Profile: Tony Hayward | Business | guardian.co.uk
  4. Tony Hayward |Executive management | Investor centre | bp.com
  5. Alexander's Gas & Oil Connections - Tony Hayward ready to take over BP after Lord Browne
  6. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/01/12/bcnbp412.xml
  7. I am going in 2008, says BP boss | Business | The Guardian
  8. BBC NEWS | World | Americas | Texas oil plant blast 'kills 14'
  9. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/18/bcnbp218.xml
  10. BBC NEWS | Business | BP's Browne to stand down in July
  11. Andy Inglis joins BP board and succeeds Tony Hayward as Head of Exploration & Production (Scandinavian Oil-Gas Magazine)
  12. http://www.telegraph.co.uk/finance/newsbysector/epic/bpdot/7175484/Ex-BP-chief-Lord-Browne-says-he-panicked-when-secret-gay-life-was-about-to-be-exposed.html Ex BP chief Lord Browne says he panicked when secret gay life was about to be exposed
  13. BP chief executive Browne resigns
  14. "A. B. (Tony) Hayward Profile". Forbes.com. Forbes. Retrieved 8 August 2009.
  15. ^ "BP boss admits job on the line over Gulf oil spill". guardian.co.uk. 13 May 2010. Retrieved 13 May 2010.
  16. Tony Hayward
  17. http://www.corusgroup.com/en/investors/company_information/board
  18. Tony Hayward | Group Chief Executive

External links

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