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Glencore post completes the corporate rehabilitation of Tony Hayward

Friday, May 17, 2013 - 01:07

He was once described as the most hated man in the United States, but the corporate rehabilitation of former BP boss Tony Hayward appears complete, after he was appointed as interim chairman of commodities giant Glencore Xstrata. Andrew Potter reports.

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It only took a handful a words for Tony Hayward to become a global symbol of corporate carelessness. SOUNDBITE: TONY HAYWARD, FORMER BP CHIEF EXECUTIVE, SAYING IN MAY 2010: "There's no one who wants this thing over more than I do, I'd like my life back." As chief executive, Hayward's handling of BP's Gulf of Mexico oil spill left him labeled as the most hated man in America. Two months after those infamous comments in 2010, he was out, but it seems, not down forever. Hayward has returned to a top-line job, being appointed interim chairman of commodities giant Glencore Xstrata. His appointment comes after a shareholder coup at the newly merged group, which pushed out chairman Sir John Bond and all the former Xstrata directors. Hayward isn't chasing the job permanently, as he continues to run Genel Energy, the Kurdistan-focused exploration company he set up after leaving BP. But his appointment is a public show of faith in a man once thought to be fatally damaged goods.

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Glencore post completes the corporate rehabilitation of Tony Hayward

Friday, May 17, 2013 - 01:07