Tony Hayward | |
|---|---|
 Hayward in 2008 | |
| Born | 21 May 1957 Slough, England |
| Alma mater | |
| Occupation | Businessman |
| Spouse | Maureen Fulton (m. 1985;div. 2013) |
Anthony Bryan Hayward (born 21 May 1957) is a British businessman and former CEO of the oil and energy company BP. He replaced the Baron Browne of Madingley on 1 May 2007. His tenure ended on 1 October 2010 when he was replaced by Bob Dudley following the Deepwater Horizon oil spill. [1] He was chairman of Glencore Xstrata from 2014 to 2021. [2] [3]
Tony Hayward was born in Slough, Buckinghamshire (now Berkshire), in 1957; the eldest son of Bryan and Mary Hayward. Hayward has five sisters and one brother. Growing up, Hayward moved frequently but, until a teenager, lived in or near Slough. At the age of 15, when his sixth sibling was born, Hayward moved out of the family home and started living with his paternal grandparents in Langley (a suburb of Slough). Later on, his family moved to Bournemouth, Dorset. Hayward, however, remained in Berkshire living with his grandparents and attended a local grammar school, Slough Technical High School, until he started university. [4] Tony went on to gain a first class geology degree from Aston University [5] followed by a PhD from the University of Edinburgh School of Geosciences. [6] Joining BP in 1982, with his first job as a rig geologist in Aberdeen, [7] 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 the attention of John Browne (later created, in 2001, Lord Browne of Madingley) during a 1990 leadership conference in Phoenix, Arizona. As a result, he was made Browne's executive assistant. [8]
In 1992, Hayward moved to Colombia as exploration manager and became president of BP's operations in Venezuela in 1995.[ citation needed ] In August 1997, he returned to London as a director of BP Exploration.[ citation needed ] 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.[ citation needed ]
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.[ citation needed ] Hayward became an executive vice-president in April 2002, and chief executive of exploration and production in January 2003.[ citation needed ]
Safety and production issues in Alaska and the explosion at the Texas City refinery made Peter Sutherland, BP's non-executive chairman, accelerate the process for finding a replacement for Lord Browne of Madingley. His retirement timetable was moved forward from end-2008, when Browne would be 60 and BP policy called for mandatory retirement, to July 2007. Hayward, having been described as CEO-designate by both internal and media commentators, came to the fore amid the competition, [9] including Robert Dudley, chief executive of TNK-BP, the company's Russian joint venture, and John Manzoni, head of refining and marketing. [10] [11]
On 18 December 2006, in the run-up to replace 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 that killed 15 people and injured more than 170 others. [12] 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." [13]
On 12 January 2007, BP announced that Hayward would replace Lord Browne of Madingley as chief executive. [14] On 2 February, Andy Inglis was appointed managing director of the BP Group, and succeeded Hayward as chief executive of BP's Exploration & Production (E&P) business. [15]
Hayward was appointed to the chief executive position with immediate effect on 1 May 2007, after Browne resigned following the lifting of a legal injunction preventing Associated Newspapers from publishing details about his private life. [16] [17]
BP was paying Hayward an annual salary of £1,045,000; his 2008 bonus was £1,496,000 and in 2009 his bonus was £2,090,000. [18]
In 2008, Tony Hayward had private meetings with Igor Sechin, a close ally of Putin and a top figure of Russian military and security services, currently serving as a CEO of largest Russian oil company Rosneft. The two negotiated on BP's deals with Russia. [19] [20] [21]
On 20 April 2010, an explosion occurred on the Deepwater Horizon oil rig, operated by BP. Eleven people were killed in the blast and oil began to leak from the ocean floor at a rate variously estimated to be between 5,000 barrels (790 m3) and 100,000 barrels (16,000 m3) per day. Hayward, and BP in general, initially downplayed the spill, stating on 17 May 2010 that the environmental impact of the Gulf spill would likely be "very very modest" and calling the spill "relatively tiny" in comparison with the size of the ocean. [22] [23] [24] By 27 May, Hayward changed his assessment, calling the spill an "environmental catastrophe" in an interview with CNN. [25]
On 12 May 2009, in a postgraduate lecture to Stanford Business School, [26] Hayward analysed the role and organisation of the company for which he acted as chief executive officer. During the lecture he stated to the business students that "...our primary purpose in life is to create value for our shareholders. In order to do that you have to take care of the world". [27]
Hayward stated that his job might be at risk as a result of the spill, saying "we made a few little mistakes early on." [22] He received criticism for various statements he had made during the spill, including telling a camera man to "get out of there" during a photo-op on the shores of Louisiana. [28] On 30 May, he told a reporter "we're sorry for the massive disruption it's caused to their lives. There's no one who wants this thing over more than I do, I'd like my life back." [29] He was widely condemned for his comment which was perceived as selfish, and United States Representative Charlie Melancon (D-La.) called on Hayward to resign in the wake of this comment. [30] [31] He later apologised for the comment on BP America's Facebook Page. [32] [33] On 31 May, Hayward disputed claims of huge underwater plumes of oil suspended in the Gulf, as had been reported by scientists from three universities. [31] [34] Hayward said there was "no evidence" that plumes of oil were suspended under the sea, and that because it is lighter than water any plumes seen are just in the process of rising to the surface. A chemist from Louisiana State University agreed with this assessment. [35] Still other scientists have suggested that the manner of expulsion of the oil from the well and the use of dispersants may have led to an emulsion situation in which the oil is suspended in water for some time. [36]
On 5 June the Daily Telegraph reported that Hayward sold approximately one third of his shares in BP a month before the Deepwater Horizon rig exploded. [37] The shares subsequently fell in value by 30%, although the Telegraph stated: "There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history." [37]
In an interview on NBC on 8 June, US President Barack Obama said that Hayward "wouldn't be working for me after any of those statements", [38] referring to the remarks Hayward made following the spill. [39] The Obama administration had been public in their criticism of BP for the oil spill. [40]
Before a congressional hearing on the oil spill held on 17 June, subcommittee chairman Bart Stupak of Michigan said that he expected Hayward to be "spliced and diced" by both himself and other committee members. [41] Hayward's eleven-page document that he read to the committee included a passage in which he said he would "pledge as leader of BP that we will not stop until we stop this well ... and address economic claims in a responsible manner". [41] He continued, "This is a complex accident, caused by an unprecedented combination of failures. A number of companies are involved, including BP, and it is simply too early to understand the cause." [41]
On 18 June, the day after Hayward appeared before the congressional hearing, the chairman of BP said that Hayward would step away from daily involvement in the company's efforts in the Gulf. [42] On 19 June, the day before Father's Day, Hayward was in Cowes – having taken a "day off" – to see Bob, [43] his co-owned boat, participate in the JP Morgan Asset Management Round the Island yacht race off the Isle of Wight. [44] Rahm Emanuel, President Obama's chief of staff, said that Hayward had committed yet another in a "long line of PR gaffes" by attending the race while the Gulf oil spill continued. [45] [46]
In June, BP put Mississippi native Bob Dudley in charge of handling the Gulf of Mexico oil spill. Dudley was appointed president and chief executive of the newly created Gulf Coast Restoration Organization, reporting to Hayward. [47]
There was also a satirical episode of South Park created about the spill and Tony Hayward's response.
Following the Deepwater Horizon oil spill, there were rumours that Hayward would resign, but the company dismissed these. A BBC report said that a BP press release stated that Hayward "has the full confidence of the board of directors of BP." [48] [49]
BP announced on 27 July 2010 that Hayward would be replaced by Bob Dudley as the company's chief executive effective as of 1 October 2010. [50]
In March 2013, Hayward was appointed chairman at UK-based gas-to-liquids company CompactGTL. [51] [52]
Hayward's involvement in Deepwater Horizon left him a highly controversial public figure. In May 2013 he was honoured as a "distinguished leader" by the University of Birmingham, but his award ceremony was interrupted several times by jeers and walk-outs. [53]
In July 2013 his award of an honorary degree from Robert Gordon University was described as "a very serious error of judgement" by Friends of the Earth Scotland. [54]
Hayward is chairman of Genel Energy, an oil company with production facilities in Iraqi Kurdistan. [55] Genel Energy was formed in 2011 by the merger of Hayward's venture firm Vallares with the Turkish oil firm Genel Enerji. [56] [57]
Hayward was a member of the Citibank advisory board, from 2000 to 2003. [58] 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. [59] Hayward was appointed a Companion of the Chartered Management Institute in September 2005. [60]
Edmund John Phillip Browne, Baron Browne of Madingley,, is a British businessman.
Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.
Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum.
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig owned by Transocean and operated by BP. On 20 April 2010, while drilling at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. The fire was inextinguishable and, two days later, on 22 April, the Horizon sank, leaving the well gushing at the seabed and creating the largest marine oil spill in history.
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
The Deepwater Horizon oil spill was an environmental disaster which began on 20 April 2010, off the coast of the United States in the Gulf of Mexico on the BP-operated Macondo Prospect, considered the largest marine oil spill in the history of the petroleum industry and estimated to be 8 to 31 percent larger in volume than the previous largest, the Ixtoc I oil spill, also in the Gulf of Mexico. Caused in the aftermath of a blowout and explosion on the Deepwater Horizon oil platform, the United States federal government estimated the total discharge at 4.9 MMbbl. After several failed efforts to contain the flow, the well was declared sealed on 19 September 2010. Reports in early 2012 indicated that the well site was still leaking. The Deepwater Horizon oil spill is regarded as one of the largest environmental disasters in world history.
On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon semi-submersible mobile offshore drilling unit, which was owned and operated by Transocean and drilling for BP in the Macondo Prospect oil field about 40 miles (64 km) southeast off the Louisiana coast. The explosion and subsequent fire resulted in the sinking of the Deepwater Horizon and the deaths of 11 workers; 17 others were injured. The same blowout that caused the explosion also caused an oil well fire and a massive offshore oil spill in the Gulf of Mexico, considered the largest accidental marine oil spill in the world, and the largest environmental disaster in United States history.
Douglas James Suttles was the president and chief executive officer of Ovintiv Corporation. After graduating from the University of Texas at Austin in 1983 with a BSc in mechanical engineering, he joined the global oil and gas industry. He retired from Ovintiv on August 1, 2021.
The following is a timeline of the Deepwater Horizon oil spill. It was a massive oil spill in the Gulf of Mexico, the largest offshore spill in U.S. history. It was a result of the well blowout that began with the Deepwater Horizon drilling rig explosion on April 20, 2010.
Andrew G. Inglis is a British engineer, corporate executive and CEO of Kosmos Energy.
This article covers the effect of the Deepwater Horizon disaster and the resulting oil spill on global and national economies and the energy industry.
Robert Warren Dudley is an American businessman who is a former group chief executive of BP. He had been president and chief executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organization responding to the Deepwater Horizon oil spill. He is the chair of the international industry-led Oil and Gas Climate Initiative (OGCI). He is a former board member of Rosneft, the Russian state-owned energy giant.
Following is a timeline of the Deepwater Horizon oil spill for June 2010.
Following is a timeline of the Deepwater Horizon oil spill for July 2010.
Following is a Timeline of the Deepwater Horizon oil spill for May 2010.
Reactions to the Deepwater Horizon oil spill from various officials and interested parties ranged from blame and outrage at the damage caused by the spill, to calls for greater accountability on the part of the U.S. government and BP, including new legislation dealing with preventative security and clean-up improvements.
The Deepwater Horizon investigation included several investigations and commissions, among others reports by National Incident Commander Thad Allen, United States Coast Guard, National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, Bureau of Ocean Energy Management, Regulation and Enforcement, National Academy of Engineering, National Research Council, Government Accountability Office, National Oil Spill Commission, and Chemical Safety and Hazard Investigation Board.
The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. It was established as Gulf Coast Claims Facility (GCCF), announced on 16 June 2010 after a meeting of BP executives with U.S. President Barack Obama. In June 2012, the settlement of claims through the GCCF was replaced by the court supervised settlement program.
The Deepwater Horizon oil spill was discovered on the afternoon of 22 April 2010 when a large oil slick began to spread at the former rig site. According to the Flow Rate Technical Group, the leak amounted to about 4.9 million barrels of oil, exceeding the 1989 Exxon Valdez oil spill as the largest ever to originate in U.S.-controlled waters and the 1979 Ixtoc I oil spill as the largest spill in the Gulf of Mexico. BP has challenged this calculation saying that it is overestimated as it includes over 810,000 barrels of oil which was collected before it could enter the Gulf waters.
The Deepwater Horizon oil spill occurred between 10 April and 19 September 2010 in the Gulf of Mexico. A variety of techniques were used to address fundamental strategies for addressing the spilled oil, which were: to contain oil on the surface, dispersal, and removal. While most of the oil drilled off Louisiana is a lighter crude, the leaking oil was of a heavier blend which contained asphalt-like substances. According to Ed Overton, who heads a federal chemical hazard assessment team for oil spills, this type of oil emulsifies well. Once it becomes emulsified, it no longer evaporates as quickly as regular oil, does not rinse off as easily, cannot be broken down by microbes as easily, and does not burn as well. "That type of mixture essentially removes all the best oil clean-up weapons", Overton said.
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