BP's Browne Sets Earlier Retirement

After many successes over the years, and a recent run of bad luck, the oil giant CEO will step down early, leaving his legacy in question

The announcement on Jan. 12 that John Browne will be retiring as chief executive officer of BP (BP) at the end of July, to be replaced by Exploration and Production chief Tony Hayward, appears designed to end some of the uncertainty and speculation that has battered the company and weighed on its share price.

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