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 Trump reportedly wants a $230M payout from the DOJ. Online boo-bears go after the demo firm tearing White House apart. A well-known nutrition influencer died after a home birth. RFK Jr. offered his wife a fake separation. Report an error