The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues.
LONDON — The chief executive of British energy giant BP has resigned after he accepted that he was not “fully transparent” in his disclosures about past relationships with colleagues, the company said Tuesday.
A statement from the firm said its board reviewed allegations relating to Looney’s conduct “in respect of personal relationships with company colleagues” in May last year. The executive disclosed a small number of past relationships prior to becoming CEO and no breach of company rules was found, the statement said.
“The company has strong values and the board expects everyone at the company to behave in accordance with those values. All leaders in particular are expected to act as role models and to exercise good judgement in a way that earns the trust of others,” it added.
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