Hayward, who has been Glencore Xstrata's interim
chairman since Sir John Bond was ousted by shareholders last
year, is also chief executive of London-listed oil company Genel
His confirmation as chairman of one of the world's largest
mining groups completes Hayward's return to the top of the
corporate world after he was forced out of BP <BP.L> following
the catastrophic 2010 Deepwater Horizon oil spill.
Hayward is expected to eventually step down as chief executive
of Genel, the oil and gas explorer he has invested in alongside
British-born financier Nat Rothschild, a source close to the
Genel, which focuses on producing oil in the autonomous Iraqi
region of Kurdistan, declined to comment on whether Hayward
"Tony Hayward is and continues to be CEO of Genel Energy and
will continue to do both roles, as he has done successfully for
the past 12 months," a Genel spokesman said in a statement.
One media report on Wednesday said Hayward would leave Genel
after a successor has been found and a handover period allowed
to take place, while another said Hayward was expected to leave
within a year.
"If he does end up leaving we would see this as a negative for
Genel. Nevertheless the fundamentals of our Genel investment
case... remain intact," said Arden Partners analyst Daniel
After leaving BP, Hayward co-founded Vallares Plc with
Rothschild and became chief executive of Genel Energy Plc in
2011 after the merger of Vallares and Turkey's Genel Energy
In his permanent role at Glencore Xstrata, Hayward could help
the company with new acquisitions in the oil sector.
"Oil seems to be a growing arm of the Glencore business and if
they want to push and expand a bit more Tony's expertise can
certainly help with that," Investec analyst Marc Elliott said.
(Additional reporting by Paul Sandle; Editing by Erica
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