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BP said Tuesday that controversial chief executive Tony Hayward will step down on Oct. 1 as it announced losses of nearly $17 billion in three months.

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Discuss  | Read More | |  Bury | Tagged: hayward play reduced role spill
BP Chairman Carl-Henric Svanberg said Friday he will take on a more visible public role as CEO Tony Hayward transitions away from daily responsibility over the company's spill response.