Tony Hayward, Gulf Oil Spill Cleanup | featured news

(Image from article: "Tony Hayward replaced by BP as head of its oil cleanup effort")

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BP Denies CEO Hayward Is Resigning

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

Tony Hayward replaced by BP as head of its oil cleanup effort

A day after its chief executive's widely panned appearance before Congress, BP said Friday that it would replace Tony Hayward as head of its oil-spill cleanup effort.

BP: cleanup costs for oil spill will be 'severe'

BP PLC Chief Executive Tony Hayward sought Friday to reassure investors about the fallout of the oil spill, saying the company has "considerable firepower" to cope with costs.

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