BP’s embattled CEO Tony Hayward will resign from his position in the month of August. Sources close to BP said that Tony Hayward who is 53 years old will make the announcement in the month of August. The reason given to Financiere about the resignation is that the company is trying to regain its reputation which was badly effected after the Gulf of Mexico Oil Spill.

When we approached the spokesman of BP Scott Dean, he clearly denied the report adding that the report is “a myth” adding that “Tony Hayward is in charge of BP”.

The oil spill has now stopped after a temporary capping on oil pipe but a permanent solution is yet to be seen. The Gulf of Mexico is a very big ocean and the efforts to clean the oil spill are not enough. It is considered the America’s worst environmental crisis, where more than 100 million gallons have gushed into the Gulf.

[Source: MSNBC]