Chief financial officer Murray Auchincloss named interim CEO following Bernard Looney\u0027s abrupt resignation
Auchincloss often balanced Looney’s gregarious tone with a more reserved approach to investors. The Canadian gently admonished his CEO on a recent call with analysts for giving out too many operational details about oil wells.
The leadership team has “the full support of the board to continue to deliver the plan we have laid out.” “He did not provide details of all relationships and accepts he was obligated to make more complete disclosure,” according to the statement. “The company has strong values and the board expects everyone at the company to behave in accordance with those values.”
Since taking the top job over three years ago, Looney has been the strongest advocate among the CEOs of the oil supermajors for a faster shift into low-carbon energy. Even after pulling back on some of the most ambitious aspirations for emissions reductions earlier this year, BP still has one of the more aggressive plans to cut oil production and expand in electric-car charging and renewable energy.
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