IMD-3-2188 © 2011
Cossin, Didier; Constantinou, Dinos
In Might 2007 Tony Hayward ended up being ceo (CEO) of BP, the London-based oil and gas "supermajor," guaranteeing to refocus business culture on security concerns. BP had actually experienced more than its reasonable share of mishaps throughout its fast growth under Lord Browne, Hayward's predecessor.
Hayward had actually placed himself as the prospect to repair BP's security record in the months leading up to his ultimate visit as CEO, winning out versus strong competitors such as fellow board member Robert Dudley (previous CEO of TNK-BP, the business's Russian joint endeavor) and John Manzoni, head of refining and marketing. A little over 3 years later on, Hayward was compelled to resign amidst an ecological catastrophe activated by the biggest overseas oil spill in United States history.
The Macondo Blowout Decision Making In Difficult Times (Abridged) case study solution
Subjects: Crisis management; Corporate responsibility; Board responsibility; Leadership; Oil spill; Environmental disaster; Safety regulations; Offshore drilling
Settings: United States ; Oil and gas ; Annual revenues of USD 239 billion ; 2010
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