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)