BP Confirms Kate Thomson as Permanent Finance Chief -- Update

By Christian Moess Laursen

BP on Friday confirmed Kate Thomson as its permanent chief financial officer, formally completing a leadership change after naming Murray Auchincloss as chief executive officer last month, in the wake of Bernard Looney's abrupt exit in September.

Thomson took on the role on an interim basis a week after then-CFO Auchincloss was named interim CEO following Looney's termination.

The company said Looney had failed to disclose details about past relationships with employees.

Thomson joined BP nearly 20 years ago and had previously led the finances of its oil-and-gas production and operations division.

Her remuneration will include an annual salary of 800,000 pounds ($1 million).

Write to Christian Moess Laursen at [e-mail]

(END) Dow Jones Newswires

02-02-24 0735ET