Tony Hayward exits BP after Deepwater Horizon (2010)
BP CEO Tony Hayward stepped down three months after the Deepwater Horizon rig explosion killed 11 workers and spilled around 4 million barrels into the Gulf of Mexico. The board pushed him out after a string of public missteps, including his 'I'd like my life back' remark. Bob Dudley, an American, replaced him.
BP took a $32 billion charge against the spill and sold tens of billions in assets to fund cleanup and claims.
The disaster reshaped BP's executive turnover pattern. The company has now changed CEO four times in roughly 15 years.
BP has a long pattern of crisis-driven leadership turnover. Manifold's removal extends that pattern into the chair seat.
