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July 26th, 2010
05:43 AM ET

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Tony Hayward testifies on Capitol Hill June 17, 2010 in Washington, DC.

Tony Hayward testifies on Capitol Hill June 17, 2010 in Washington, DC.

BP says no decisions have been made on changing management

(CNN) – No final decision had been made regarding whether embattled CEO Tony Haward will leave BP, the company said in a statement Monday morning.

"BP notes the press speculation over the weekend regarding potential changes to management and the charge for the costs of the Gulf of Mexico oil spill. BP confirms that no final decision has been made on these matters," the statement said.

The statement, which did not mention Hayward by name, said "any decisions will be announced as appropriate," noting that BP's board would meet Monday night ahead of the announcement of its second quarter earnings.

Despite widespread media reports that Hayward was on the verge of leaving, BP said Sunday that he still had the company's support.

"Tony Hayward remains our chief executive and has the full support of the board and senior management," company spokesman Mark Salt told CNN.

Hayward has been in the crosshairs of criticism over his handling of the underwater oil gusher in the Gulf of Mexico ever since the BP-contracted Deepwater Horizon drilling rig exploded in April, killing 11 people and creating the worst oil spill in U.S. history. Read more

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