BP close to naming Murray Auchincloss as permanent CEO- Sky News
Reuters
Published Jan 16, 2024 19:22
Updated Jan 16, 2024 20:38
(Reuters) -BP is close to naming acting chief executive Murray Auchincloss as its permanent CEO succeeding Bernard Looney, Sky News reported on Tuesday.
The decision could be made public later on Tuesday or as early as Wednesday morning, the report added.
BP (LON:BP) declined to comment on the Sky New report, when contacted by Reuters.
BP was thrown into turmoil after Looney resigned on Sept. 12 for failing to disclose relationships with employees and leaving no clear succession plan in place.
The company was looking at Auchincloss, Carol Howle, head of trading and shipping, and Emma Delaney, head of customers and products, as potential successors to Looney, Reuters reported last month.
Auchincloss, who became the company's CFO in July 2020, was key in formulating changes to the company's strategy, including slowing down BP's retreat from oil and gas and reducing spending on renewables in an effort to improve returns.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.