Investors expect change in BP leadership: report
July 31, 2010 by Forex-Tools · Leave a Comment
NEW YORK |
NEW YORK (Reuters) – Investors in BP (BP.L)(BP.N) expect to see a change in its leadership, with a shake-up possible once the oil giant’s leaking well in the Gulf of Mexico is capped, the Financial Times reported on Friday, citing leading shareholders and people close to the group.
NEW YORK (Reuters) – Investors in BP (BP.L)(BP.N) expect to see a change in its leadership, with a shake-up possible once the oil giant’s leaking well in the Gulf of Mexico is capped, the Financial Times reported on Friday, citing leading shareholders and people close to the group.
A management change, with both Chief Executive Tony Hayward’s and Chairman Carl-Henric Svanberg’s jobs in jeopardy, could come when BP announces a capital raise, the paper said, citing an unnamed source close to the company.
Without steps to steady the ship, BP could become a target of a takeover attempt from companies like ExxonMobil (XOM.N), Royal Dutch Shell (RDSa.L) or PetroChina (601857.SS), the FT said, citing a source working on BP’s strategy.
A BP spokesman declined to comment.
(Reporting by Paritosh Bansal; Editing by Gary Hill)
