Hayward new chairman of Xstrata
By TMG Editor - 09 May 2014
GLENCORE Xstrata named Tony Hayward‚ the ex-BP chief severely criticised for his role in the Gulf of Mexico oil spill‚ as permanent chairman of the mining and commodities trading group‚ ending a year-long search.
Hayward‚ who has been Glencore Xstrata’s interim chairman since Sir John Bond was ousted by shareholders last year‚ is also chief executive of London-listed oil company Genel Energy.
His confirmation as chairman of one of the world’s largest mining groups completes his return to the top of the corporate world after he was forced out of BP following the catastrophic 2010 Deepwater Horizon oil spill. He is expected to step down eventually as head of Genel. – Reuters
