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Tony Hayward - World Economic Forum on the Middle East 2008.jpg

Dr Anthony Hayward CCMI (born 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.

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

Contents

Biography

Hayward gained a first class geology degree from Aston University in Birmingham[2] followed by a PhD from Edinburgh University[3]. Joining BP in 1982, with his first job as a rig geologist in Aberdeen[4], 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[5].

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 honourary degree of Doctor of Science from Edinburgh University.

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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[6], including Robert Dudley, chief executive of TNK-BP, the company's Russian joint venture, and John Manzoni, head of refining and marketing[7][8].

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[9]. 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."[10]

On 12 January 2007 it was announced that Hayward would replace Lord Browne as BP Chief Executive[11]. 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[12].

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.

Other positions

Hayward was a member of the Citibank advisory board, from 2000 to 2003[13]. 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[14]. Hayward was appointed a Companion of the Chartered Management Institute in September 2005[15].

Personal life

Hayward is married with two children Tara and Kieran, 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[3]

References

External links


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