Core Viewpoint - BP has appointed Meg O'Neill as the new CEO, replacing Murray Auchincloss, marking a significant leadership change within the company [1][2]. Group 1: Leadership Changes - Meg O'Neill will take over as CEO on April 1, following Murray Auchincloss's resignation after less than two years in the role [1]. - Carol Howle will serve as interim CEO until O'Neill assumes her position [1]. - Auchincloss had previously stepped up from the role of chief financial officer to CEO in January 2024, after Bernard Looney's departure due to undisclosed personal relationships [2]. Group 2: Strategic Direction - Bernard Looney aimed to transform BP into a green energy company but faced investor pressure due to underperformance in share value [2]. - Auchincloss shifted the focus back to BP's core gas and oil units, reversing the previous green energy strategy [2]. Group 3: Board Dynamics - Auchincloss expressed willingness to step down if an "appropriate leader" was found, indicating a proactive approach to leadership transition [3].
BP names Meg O'Neill new CEO — its fourth in 6 years