BP Appoints Murray Auchincloss as Chief Executive Officer
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Murray Auchincloss
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The bp board has appointed Murray Auchincloss as chief executive officer with immediate effect. Murray, who has been interim CEO since September 2023, will continue as a member of the bp board.
His appointment has been made following a robust and competitive search process, carried out by the board over the past four months with support from international search advisers. This included detailed consideration of a range of candidates, including external to bp.
“Since September, bp’s board has undertaken a thorough and highly competitive process to identify bp’s next CEO, considering a number of high-calibre candidates in detail. The board is in complete agreement that Murray was the outstanding candidate and is the right leader for bp,” said Helge Lund, chair of bp.
“Many already know Murray well, and few know bp better than he does. His assured leadership, focus on performance and delivery, and deep understanding of the opportunities and challenges in the energy transition will serve bp well as we continue our disciplined transformation to an integrated energy company,” added Lund.
“It’s an honour to lead bp — this is a great company with great people. Our strategy — from international oil company to integrated energy company, or IOC to IEC — does not change. I’m convinced about the significant value we can create,” said Murray Auchincloss.
“Now, more than ever, our focus must remain on delivery — operating safely and efficiently, executing with discipline, and always focusing on returns. This is how we will deliver real benefits for our customers and other stakeholders and continue to grow long-term value for bp’s shareholders,” added Auchincloss.
Before becoming interim chief executive officer in September 2023, Murray Auchincloss had been bp’s chief financial officer since July 2020, at which time he also joined bp’s board. He had previously served as CFO, deputy CFO, and head of business development for bp’s Upstream segment. From 2010-2013 Auchincloss was head of bp’s group chief executive’s office, working directly with Bob Dudley.
Auchincloss, 53, joined Amoco Canada in 1992. Following financial and planning roles in Canada and the U.S., his career included periods as commercial director for bp’s Onshore North America business and CFO for bp’s North Sea business. He has a degree in finance from the University of Calgary and is a Chartered Financial Analyst and is also a member of the Aker BP board.
bp is an energy company that explores and produces oil and natural gas, refines, markets, and supplies petroleum products, as well as generates solar energy, and manufactures and markets chemicals such as terephthalic acid, acetic acid, acrylonitrile, ethylene, and polyethylene. BP serves customers worldwide.
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