(Bloomberg) -- John Browne stepped down as chief executive officer of BP Plc three months earlier than planned after losing a legal battle to prevent the publication of claims he let a former boyfriend use company resources.
BP, Europe's second-biggest oil company, said today in London that Tony Hayward, who was scheduled to replace Browne Aug. 1, takes over the position immediately. BP said allegations Browne misused resources were ``unfounded or insubstantive.''
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