BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.
has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.
The board has started searching both internally and externally for a new permanent chief, Chairman Helge Lund told staff at aDuring his time in office, Looney focused on defining a long-term strategy for theto shift BP away from oil and gas to renewable energies. The 53-year-old CEO had not started grooming a successor because he planned to stay in the job for many more years, according to company sources.
Auchincloss qualified as a financial analyst in the U.S. and worked for Amoco and then for BP after the two firms merged in 1998, always in financial rather than production roles, including in the North Sea to and North America.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BP CEO Bernard Looney abruptly resigns from oil giantThe executive informed the oil giant he had not been “fully transparent” about personal relationships with colleagues.
Read more »
BP CEO Bernard Looney ousted after past relationships with coworkersChief executive of British energy giant acknowledged he wasn't 'fully transparent' about past relationships with colleagues.
Read more »
Where Next For BP Following CEO Bernard Looney’s Shock Resignation?Looney's successor will have to make a crucial call on whether or not to pivot back to oil and gas, as the company's fellow British rival Shell appears to be doing.
Read more »
BP CEO Bernard Looney to resign - FT By ReutersBP CEO Bernard Looney to resign - FT
Read more »