(Bloomberg) BP Plc appointed Murray Auchincloss as its permanent chief executive officer, four months after the shock resignation of his predecessor.Most Read from BloombergMusk Pressures Tesla’s Board for Another Massive Stock AwardApple to Allow Outside Payments for Apps After US DecisionA Wary World Braces for Trump’s Return to the White HouseWhat Is Disease X? How Scientists Are Preparing for the Next PandemicBonds Slide as Fed’s Waller Downplays Need to Rush: Markets WrapThe decision end
(Bloomberg) The abrupt resignation of BP chief Bernard Looney marks the loss of an executive who pushed for a transition to clean energy more aggressively than any of his industry peers, with mixed results.Most Read from BloombergLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticApple’s iPhone 15 Debut Includes Higher Price on Top ModelBP CEO Looney Quits Over Past Relationships With ColleaguesApple iPhone 15 Event Will Tout Enhanced Camera, Titanium FinishAT&T, T-Mobile Offer F
Global energy giant BP, one of Britain’s biggest and most recognizable companies, is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct. Among the most crucial questions facing the company’s board is whether to recruit a leader who will maintain BP’s goal of eliminating net carbon emissions by 2050 as the oil industry struggles to meet climate commitments. Looney, 53, resigned Tuesday after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues.
LONDON (Reuters) -BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major's top job for failing to fully disclose details of past personal relationships with colleagues, the company said. Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, the company said. Looney, 53, became CEO in February 2020 with a vow to reinvent the 114-year-old company, laying out ambitious plans for the British energy giant to achieve zero net emissions by 2050, and to invest billions in renewable and low-carbon power.
LONDON (Reuters) -BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major's top job for failing to fully disclose details of past personal relationships with colleagues, the company said. Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, the company said. Looney, 53, became CEO in February 2020 with a vow to reinvent the 114-year-old company, laying out ambitious plans for the British energy giant to achieve zero net emissions by 2050, and to invest billions in renewable and low-carbon power.