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By: j-writes 0 Comments

BP's CEO Tony Hayward is expected to resign from his position with an $18-million payout.

Tony Hayward will be resigning from his position as BP's Chief Executive Officer after his handling of the massive oil spill in the Gulf Of Mexico.

In the process, he will be giving up 546,000 share options and a maximum of 2 million company shares upon resigning, estimated at $18.03 million.

U.S. senior executive Bob Dudley is expected to take over as CEO.

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