BP names Kate Thomson as interim CFO in post-Looney reshuffle

Logo of British Petrol BP is seen at a petrol station in Pienkow

Logo of British Petrol BP is seen at a petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel/File Photo Acquire Licensing Rights

LONDON, Sept 19 (Reuters) – BP (BP.L) on Tuesday appointed Kate Thomson as interim chief financial officer to take the place of Murray Auchincloss who became interim CEO last week.

The reshuffle follows the abrupt departure of CEO Bernard Looney last week after he did not fully disclose past relationships with colleagues.

Thomson, who joined BP nearly 20 years ago, previously headed the finances of the energy giant’s oil and gas production and operations division.

She has been a member of the board of Aker BP (AKRBP.OL) for the past seven years and also serves on the boards of a number of BP group companies.

Looney’s departure sparked an urgent search internally and externally for a new, permanent CEO, with no clear front-runner.

“Kate’s experience and skills make her ideally suited to take on the role of interim CFO. She brings deep technical knowledge together with a detailed understanding of BP,” Auchincloss said in a statement.

Auchincloss, 52, worked closely with Looney in devising BP’s energy transition strategy and has advocated a focus on high-return assets to finance the transition, according to two company sources.

BP’s legacy oil and gas assets boosted profits to a record $28 billion last year.

Reporting by Yadarisa Shabong in Bengaluru and Ron Bousso in London; editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Ron has covered since 2014 the world’s top oil and gas companies, focusing on their efforts to shift into renewables and low carbon energy and the sector’s turmoil during the COVID-19 pandemic and following Russia’s invasion of Ukraine. He has been named Reporter of the Year in 2014 and 2021 by Reuters. Before Reuters, Ron reported on equity markets in New York in the aftermath of the 2008 financial crisis after covering conflict and diplomacy in the Middle East for AFP out of Israel.

Source Article

send message
Iam Guest Posting Services
I Have 400 sites
Status : Indexed All
Good DA : 40-60
Different Niche | Category
Drip Feed Allowed
I can instant publish

My Services :

1. I will do your orders maximum of 1x24 hours, if at the time I'm online, I will do a maximum of 1 hour and the process is
2. If any of your orders are not completed a maximum of 1x24 hours, you do not have to pay me, or free.
3. For the weekend, I usually online, that weekend when I'm not online, it means I'm working Monday.
4. For the payment, maximum payed one day after published live link.
5. Payment via PayPal account.

If you interesting, please reply

Thank You