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Tuesday
Jul272010

BP's Hayward To Receive $18 Million Payout

DateTuesday, July 27, 2010 at 12:58PM | AuthorStaff | | | Print ArticlePrint Article

Tony Hayward announced yesterday that he’ll be stepping down from his position as CEO of BP in October. He will be replaced by Robert Dudley, who will be BP’s first American CEO.

The New York Times has reported that Hayward is stepping away with a payout of $18 million, and with millions more in BP shares in an incentive plan.

 

- Brandon Kosters

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