Hayward lined up for Glencore post?


Ex-BP boss Tony Hayward is about to take up a position with Swiss-based Glencore, a report has claimed

BP’s embattled former boss Tony Hayward is in negotiations to join the board of a global commodities trading giant, a report has claimed.

Mr Hayward, who quit BP last year over his handling of the Gulf of Mexico oil spill, will join Glencore as a non-executive director, according to The Sunday Times newspaper.

It is understood Mr Hayward has been approached as part of Glencore’s plans to strengthen its board before an expected £30 billion float in London this year.

The move would be seen as a strong comeback for Hayward in the wake of his departure from BP last autumn.

He stepped down in October after a media and political mauling over BP’s Deep Horizon oil rig disaster, which killed 11 workers and led to the worst oil spill in US history.

Switzerland-based Glencore, which was not immediately available for comment, is understood to have initially considered Mr Hayward for the role of chairman to replace outgoing boss Willy Strothotte. But it is now thought he will be given a non-executive position.

Glencore is a privately owned company which owns mines and ports worldwide and is a major commodities trader.

Mr Hayward has also been linked with an advisory role at Singapore sovereign wealth fund Temasek which is already said to have heavyweight consultants on board such as former Citigroup boss Chuck Prince and Ratan Tata, the chairman of Indian conglomerate Tata group.

Mr Hayward remains a non-executive director of BP’s Russian joint venture TNK-BP.

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