Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

BP names Thomson as permanent CFO, wrapping up management revamp

Published 02/02/2024, 12:08
Updated 02/02/2024, 13:02
© Reuters. FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo

(Reuters) -BP on Friday named Kate Thomson as its permanent chief financial officer with immediate effect, completing a leadership reshuffle following Bernard Looney's abrupt resignation as CEO in September.

Thomson was appointed interim CFO a week after Murray Auchincloss took over as interim chief executive on Sept. 12, when Looney stepped down for failing to disclose past relationships with employees.

Thomson, the first woman to take the role, will also have a seat on BP (LON:BP)'s board. She joined BP nearly 20 years ago and previously led the finances of BP's oil and gas production and operations division.

Reuters reported Thomson was set to get the permanent appointment last week, citing sources.

Auchincloss, 53, was named permanent CEO last month, pledging to stick with energy transition plans.

BP's shares have underperformed those of its rivals since Looney's departure, raising speculation that the company could be an acquisition target amid a recent wave of consolidation.

BP is scheduled to report its full-year results on Feb. 6.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.