Kate Thomson named BP’s interim CFO in wake of Bernard Looney’s exit
Thomson takes the place of Murray Auchincloss, who became interim CEO of BP last week
19 September 2023 - 17:20
byRon Bousso
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The BP logo is seen at a petrol station in Pienkow, Poland. File picture: REUTERS/KACPER PEMPEL.
London — BP has appointed Kate Thomson as interim CFO to take the place of Murray Auchincloss, who became interim CEO last week.
The reshuffle follows the abrupt departure of CEO Bernard Looney last week after he did not fully disclose past relationships with colleagues.
Thomson, who joined BP nearly 20 years ago, previously headed the finances of the energy giant’s oil and gas production and operations division.
She has been a member of the board of Aker BP for the past seven years and also serves on the boards of a number of BP group companies.
Looney’s departure sparked an urgent search internally and externally for a new, permanent CEO, with no clear front-runner.
“Kate's experience and skills make her ideally suited to take on the role of interim CFO. She brings deep technical knowledge together with a detailed understanding of BP,” Auchincloss said in a statement.
Auchincloss worked closely with Looney in devising BP’s energy transition strategy and has advocated a focus on high-return assets to finance the transition, according to two company sources.
BP’s legacy oil and gas assets boosted profits to a record $28bn in 2022.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Kate Thomson named BP’s interim CFO in wake of Bernard Looney’s exit
Thomson takes the place of Murray Auchincloss, who became interim CEO of BP last week
London — BP has appointed Kate Thomson as interim CFO to take the place of Murray Auchincloss, who became interim CEO last week.
The reshuffle follows the abrupt departure of CEO Bernard Looney last week after he did not fully disclose past relationships with colleagues.
Thomson, who joined BP nearly 20 years ago, previously headed the finances of the energy giant’s oil and gas production and operations division.
She has been a member of the board of Aker BP for the past seven years and also serves on the boards of a number of BP group companies.
Looney’s departure sparked an urgent search internally and externally for a new, permanent CEO, with no clear front-runner.
“Kate's experience and skills make her ideally suited to take on the role of interim CFO. She brings deep technical knowledge together with a detailed understanding of BP,” Auchincloss said in a statement.
Auchincloss worked closely with Looney in devising BP’s energy transition strategy and has advocated a focus on high-return assets to finance the transition, according to two company sources.
BP’s legacy oil and gas assets boosted profits to a record $28bn in 2022.
Reuters
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