Permanent appointment marks remarkable turnaround for executive who left BP in disgrace over Gulf of Mexico disaster
The former BP boss Tony Hayward has returned to the top ranks of the corporate world following his appointment as full-time chairman of Glencore Xstrata, the FTSE 100 commodity trading and mining group.
Hayward, who left the oil firm in disgrace following the Gulf of Mexico oil disaster, had served as acting chairman of Glencore over the past year, after the City veteran Sir John Bond was ousted from the board last May. However, the Local Authority Pension Fund Forum has urged investors to vote against Hayward’s appointment because of Glencore’s exclusively male board.