UPDATE 1-BP’s Hayward to be offered role at TNK-BP-Sky News

* Hayward nominated for TNK-BP board position – Sky News

* BP expected to install Bob Dudley as CEO soon

(Adds detail)

LONODN, July 26 (BestGrowthStock) – BP Plc (BP.L: ) (BP.N: ) Chief
Executive Tony Hayward is to be nominated for a board position
at its Russian venture TNK-BP (TNBPI.RTS: ) when he steps down
from his current role, Sky News reported, citing sources.

TNK-BP declined to comment on the Sky News report on Monday
when contacted by Reuters.

BP is expected to install American Bob Dudley as CEO,
sources close to the company said, replacing Hayward who has
come under fire for his gaffe-prone handling of the worst oil
spill in U.S. history.

Dudley, the U.S. executive managing the response operation
to the spill in the Gulf of Mexico, is poised to get the top job
in the next 24 hours, a move that could soften U.S. criticism of
the British oil major. [ID:nN26145842] [ID:nLDE66P0IF]

Shares in BP closed up 4.6 percent at 417 pence, valuing the
business at about 80 billion pounds ($123.6 billion).

Stock Market Basics

(Reporting by Rhys Jones; Additional reporting by Vladimir
Soldatkin; Editing by David Holmes)
($1=.6473 Pound)

UPDATE 1-BP’s Hayward to be offered role at TNK-BP-Sky News