Former finance chief Murray Auchincloss has been named as BP’s permanent chief executive, replacing Bernard Looney who departed unexpectedly last year. Auchincloss had been serving as interim CEO since September and will now officially take up the position. This announcement comes after a robust and competitive search process that had many speculating about the possibility of the oil supermajor hiring an external CEO for the first time in its history. Auchincloss, who joined BP in 1998, will receive an annual salary of £1.45m before pension and bonus opportunities. His appointment was confirmed by BP Chair Helge Lund, who expressed confidence in Auchincloss’ leadership abilities and his deep understanding of the energy transition challenges. Auchincloss himself emphasized that BP’s strategy is to transform from an international oil company to an integrated energy company, and he is committed to delivering real benefits for customers, stakeholders, and BP shareholders. Bernard Looney stepped down as CEO last year due to personal relationship issues with colleagues.
Former CFO Murray Auchincloss Appointed as BP’s CEO After Bernard Looney’s Unexpected Departure, UK
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