BP making changes at the top, CEO resigns
London, 13 September, 2023, (Oilandgaspress) – BP plc announces that Bernard Looney has notified the Company that he has resigned as Chief Executive Officer with immediate effect.
Murray Auchincloss, the Company’s CFO, will act as CEO on an interim basis.
In May 2022, the Board received and reviewed allegations, with the support of external legal counsel, relating to Mr Looney’s conduct in respect of personal relationships with company colleagues. The information came from an anonymous source.
During that review, Mr Looney disclosed a small number of historical relationships with colleagues prior to becoming CEO. No breach of the Company’s Code of Conduct was found. However, the Board sought and was given assurances by Mr Looney regarding disclosure of past personal relationships, as well as his future behaviour.
Further allegations of a similar nature were received recently, and the Company immediately began investigating with the support of external legal counsel. That process is ongoing.
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