BP gives way in fight over board at TNK

Under the deal, two of the four billionaires that form the Alfa Access-renova consortium which owns 50% of TNK-BP will keep their management board roles.

When BP reached a preliminary settlement with AAR in September, BP chief executive Tony Hayward said one or both of the men, who BP blamed for stoking hostilities, would have to leave the company.

The confirmation of both men on the board comes ahead of the appointment of a new CEO.