Tue, July 27, 2010
BP confirmed Tuesday that chief executive Tony Hayward would step down as head of the oil giant on October 1.
He will be replaced by Robert Dudley, an American executive, who will become the first non Briton to become the company's chief executive.
The shakeup comes after months of criticism over Hayward's handling of the Gulf of Mexico oil spill, the worst in U.S. history.
