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(NEW ORLEANS) — Tony Hayward, who became the face of BP's flailing efforts to contain the massive Gulf oil spill, will step down as chief executive in October and be offered a job with the company's joint venture in Russia, a person familiar with the matter said Monday.
The person spoke on condition of anonymity because an official announcement had not been made by the British company's board, which was meeting Monday in London to decide Hayward's fate.
"Tony Hayward was expected to resign imminently with a payoff package of up to 18.5 million dollars, according to British media reports"