Money | Tony Hayward Tony Hayward Will Exit in October Still no official word from BP By Polly Davis Doig Posted Jul 26, 2010 1:57 PM CDT Copied In a Monday, May 24, 2010 photo, BP PLC CEO Tony Hayward walks along Fourchon Beach in Port Fourchon, La. Hayward will step down as chief executive in October. (AP Photo/Patrick Semansky, File) Tony Hayward's impending exit, long grist for the rumor mill, will take place in October, a BP source tells the BBC. There's still been no official announcement from BP, but the source says Hayward will be reassigned to the oil giant's joint venture in Russia; his compensation package is unknown. The White House, meanwhile, is unimpressed: Robert Gibbs said today that regardless of who's in charge, the company had better clean up the Gulf. Read These Next Actor Michael Madsen is dead at 67. Doctor left her Alaskan cruise and never returned. Houses passes 'Big Beautiful Bill' by Trump's deadline. Police shot a bank robber as a drone delivered some Faygo Red Pop. Report an error