BP chief executive Tony Hayward is to be offered a job at British-Russian venture TNK-BP, after stepping down from his current position, the Financial Times reported Monday.
The company's board was still meeting late Monday and had not yet made a formal statement on Hayward's position. A BP spokeswoman told the German Press Agency dpa that reports of Hayward's remaining at the company were speculation.
It was reported over the weekend that Hayward was to step down after criticism over his handling of the Gulf of Mexico oil spill, to be replaced by his US colleague, Bob Dudley, who has led BP's efforts to clean up the spill since mid-June.
According to the Financial Times, Hayward would remain in his position as chief executive until October but remain on the board of directors until November. He would then be offered a position on the board of directors of TNK-BP.
The results of Monday's meeting would not be made public until Tuesday, the spokeswoman said, when the company's second quarter results were also published.