In a significant development, global energy giant bp has announced the appointment of Murray Auchincloss as its Chief Executive Officer, effective immediately. The decision comes after a meticulous and competitive four-month search process conducted by the bp board, with the assistance of international search advisers.
Murray Auchincloss, who has been serving as the interim CEO since September 2023, will continue as a valuable member of the bp board. His appointment is hailed as the culmination of a comprehensive evaluation of high-caliber candidates, both internal and external to bp.
Helge Lund, chair of bp said: “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.
“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.”
“It’s an honour to lead bp – this is a great company with great people.”
Murray Auchincloss, chief executive officer
Murray Auchincloss, in his first official statement as CEO, conveyed his honor in leading BP, describing it as: “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.
“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.”
The search process for the new CEO was led by a committee of the bp board, headed by Helge Lund together with three other non-executive directors. The appointment decision was approved by the full bp board, excepting Murray Auchincloss.
Source bp