Hay­ward’s new role

Austin American-Statesman - - WORLD & NATION -

BP will as­sign Hay­ward to a key job in Rus­sia, a per­son fa­mil­iar with the mat­ter said Mon­day. Hay­ward is set to step down in Oc­to­ber and take a post at TNK-BP, the com­pany’s joint ven­ture in Rus­sia, ac­cord­ing to the per­son, who spoke on con­di­tion of anonymity be­cause the Bri­tish com­pany’s board had not made an of­fi­cial an­nounce­ment.

It’s not clear what Hay­ward’s role will be with TNK-BP, but the job sug­gests BP still holds more faith in Hay­ward than most. An­a­lysts con­sider the Rus­sian ven­ture one of BP’s crown jew­els; it ac­counts for a quar­ter of the com­pany’s pro­duc­tion and is Rus­sia’s third-largest oil firm. Mov­ing Hay­ward gives in­sid­ers who thought he was scape­goated for his re­marks — rather than his per­for­mance — a chance to keep a highly trained pro­fes­sional in the com­pany.

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