BP Appoints Murray Auchincloss as New CEO

Auchincloss, Former CFO and Interim CEO, to Continue Company's Green Energy Strategy

Murray Auchincloss has been appointed as the new CEO of BP, taking over from Bernard Looney who resigned last year after failing to fully disclose personal relationships with colleagues.
Auchincloss, who has been with BP since the company's merger with Amoco in 1998, has been serving as interim CEO since Looney's departure and was previously the company's CFO.
The appointment follows a 'robust and competitive' search process, with the board ultimately deciding that Auchincloss was the 'outstanding candidate'.
Auchincloss has stated that the company's strategy will not change under his leadership, with BP continuing its transition from an international oil company to an integrated energy company.
Despite some investors hoping for a CEO with a bigger commitment to oil and gas, Auchincloss is expected to continue Looney's strategy of investing in green energy and maintaining flat oil and gas output.