When BP (NYSE:BP) released their first-half results on July 27, rumors are flying they'll have another and anticipated announcement, which will be concerning management changes at the company.
Assuming the announcement will be made, which is highly likely, what isn't a certainty is if it'll be effective immediately. Changing CEOs in the midst of the attempt to permanently stop the oil well may be a bad one, although Tony Hayward, at least in America, is pretty much considered a lame duck.
Watching Hayward, it would be easy to see why he would agree to the measures, even if the board of the company continues to support him. The bulk of BP's business is performed in the U.S., and it's doubtful he would be able to effectively do his job there in light of the oil spill coming from the explosion on the Deepwater Horizon.
It is thought that Hayward will remain on at least until a relief well is successfully put in place, although it wouldn't be surprising to seem him leave sooner with the pressure being asserted from the U.S.
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