Posted 9/12/2023, 7:55:02 PM
BP CEO Resigns Over Lack of Transparency About Past Relationships
- BP CEO Bernard Looney resigns after admitting he was not transparent about past relationships with colleagues
- Looney became CEO in February 2020 and is leaving the role immediately
- He is being replaced with CFO Murray Auchincloss on an interim basis
- BP board investigated allegations about Looney's conduct regarding personal relationships in May 2022
- As CEO, Looney pledged BP would achieve net zero emissions by 2050 and increase low-carbon investments