Hayward in the running for Glencore board role
Monday 24 January 2011
Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.
Mr Hayward stepped down as CEO in October after attracting criticism for his gaffe-prone public appearances as the oil giant battled to plug the Deepwater Horizon leak in the summer.
His name emerged as Glencore readies itself for a possible listing in coming months.
The Swiss group's chief executive, Ivan Glasenberg, is believed to be considering options for new directors as Glencore looks to revamp its board ahead of the float.
Mr Hayward is believed to be one of several possible candidates from the commodities sector. Though discussions are believed to be at a preliminary stage, an appointment would mark a remarkably swift comeback for Mr Hayward, who was named to the board of TNK-BP, the oil giant's Russian joint venture, in September.
The privately held Glencore, which owns around 35 per cent of the FTSE 100-listed mining group Xstrata, is believed to be considering a listing in the first half of this year, with market watchers expecting confirmation when the commodities trader issues its annual results in March.
It is expected to end up as one of the biggest companies on the London Stock Exchange, potentially raising around £10bn via the initial public offering.
- 1 What marriage would look like if we actually followed the Bible
- 3 The Chinese city where men have 'three girlfriends because there are so many women'
- 4 'Heartbreaking' Syria orphan photo wasn't taken in Syria and not of orphan
- 5 Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition
Britain to take more refugees as Cameron bows to pressure after more than 250,000 back our campaign
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Make your voice heard: Sign The Independent's petition to welcome refugees
iJobs Money & Business
£16000 - £40000 per annum: Recruitment Genius: A Foreign Exchange Dealer is re...
£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...
£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...
£14000 - £16000 per annum: Recruitment Genius: This company was established in...