Glencore Xstrata confirms former BP boss as Chairman


As expected, Glencore Xstrata (GLCNF, GLNCY) has named former BP CEO Tony Hayward as Chairman following a year-long search for a successor to John Bond, who was ousted after the merger of Glencore and Xstrata.

Hayward has been interim chairman of Glencore since last May; he left BP in the wake of the Deepwater Horizon oil spill in 2010.

Hayward is CEO of London-listed Genel Energy (GEGYF), but could reportedly step down from the role after a period of transition. Genel declined to comment on the speculation.

Glencore Xstrata's shares are +1% in London. (PR)

Comments (1)
  • TheJollyGreenMan
    , contributor
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    This a jolly good news as Tony Hayward showed himself to be an excellent leader during the BP gulf oil spill. Even though the American media were extremely hostile to him personally, he did not once state the obvious truth: Hang on a minute, this is an American operation, American workers, overseen by American supervisors, using American equipment and American contractors working according to American standards, managed by Americans in charge of this division, this is an American stuff-up! He was too much of gentleman, my respect for him increased tremendously. We are so lucky - I am an old Xstrata shareholder - to have a man of his caliber at Glencore Xstrata.
    8 May 2014, 12:48 PM Reply Like
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