The company on Tuesday, Jul 27 had announced that it would take a charge as a result of the Gulf of Mexico oil spill amounting to $ 32.2 billion, driving BP to a second quarter loss of $ 16.97 billion.
After the announcement, Hayward's departure news had come.
"The tragedy of the Macondo well explosion and subsequent environmental damage has been a watershed," said chairman Carl Henric Svanberg.
While announcing Hayward's departure, Svanberg said, "BP remains a strong business but it will be a different company going forward."
Hayward will receive a year's salary amounting to 1.045 million pounds.