Money / Tony Hayward Tony Hayward Will Exit in October Still no official word from BP By Polly Davis Doig, Newser Staff Posted Jul 26, 2010 1:57 PM CDT Copied In a Monday, May 24, 2010 photo, BP PLC CEO Tony Hayward walks along Fourchon Beach in Port Fourchon, La. Hayward will step down as chief executive in October. (AP Photo/Patrick Semansky, File) Tony Hayward's impending exit, long grist for the rumor mill, will take place in October, a BP source tells the BBC. There's still been no official announcement from BP, but the source says Hayward will be reassigned to the oil giant's joint venture in Russia; his compensation package is unknown. The White House, meanwhile, is unimpressed: Robert Gibbs said today that regardless of who's in charge, the company had better clean up the Gulf. (More Tony Hayward stories.) Report an error