BP CEO Resigns Amid Allegations of Hidden Personal Relationships

2023-09-12 19:56:16

British oil and gas giant BP announced the resignation on Tuesday “with immediate effect“of its general manager Bernard Looney, accused of having hidden”personal relationships” with several colleagues within the group.

BP announces that Bernard Looney has informed the group that he is resigning as CEO with immediate effect“after having recognized”not having been completely transparent“, indicated the group in a press release. Current financial director Murray Auchincloss will take over in the interim.

In its press release, the hydrocarbon giant indicates that it became aware of it in May 2022.allegations relating to Mr. Looney’s behavior regarding personal relationships with colleagues within the group“.

An internal investigation was launched, during which the general manager, who took charge of the group in 2020, admitted “a small number of long-standing relationships with colleagues before becoming CEO“. “No violations of the group’s code of conduct have been noted“, specifies BP.

But new allegations of a similar nature“emerged”recently” et “today (Tuesday), Mr Looney informed the group that he acknowledged he had not been fully transparent in his previous statements“. “The group has strong values ​​and the board of directors expects everyone within it to behave in accordance with these values. All leaders in particular are expected to act as role models and exercise good judgment so as to gain the trust of others“, BP still insists. Bernard Looney joined BP as an engineer in 1991 and spent his entire career there, occupying various operational and management positions in several countries.

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