London, 18 April 2024, (Oilandgaspress): – bp is simplifying its organisational structure, supporting delivery of the priorities it set out in February 2024 to grow the value of bp.
bp will continue to have three businesses – production & operations, gas & low carbon energy and customers & products – enabled by trading & shipping. The current regions, corporates & solutions organisation will be integrated into the businesses and functions, and bp will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. Together these changes will reduce duplication and reporting line complexity. bp’s executive leadership team will reduce in size to ten members. bp’s financial reporting structure remains unchanged.
William Lin, who previously led regions, corporates & solutions, will now lead the gas & low carbon energy business, succeeding Anja-Isabel Dotzenrath who is retiring from bp and her executive career. Emeka Emembolu will head bp’s technology function, taking over from Leigh-Ann Russell who is leaving bp for an external opportunity.
Murray Auchincloss, bp’s chief executive officer, said: “As I set out in February, bp’s destination from IOC to IEC is unchanged – and we need to deliver as a simpler, more focused and higher value company. These changes will help us do just that, reducing complexity within bp, allowing our team to focus on delivering our priorities and growing the value of bp.
Notes to editors
bp’s executive leadership team:
CEO, Murray Auchincloss
CFO, Kate Thomson
EVP Production and operations, Gordon Birrell
EVP Gas & low carbon energy, William Lin
EVP Customers & products, Emma Delaney
EVP Trading & shipping, Carol Howle
EVP Technology, Emeka Emembolu
EVP Strategy, sustainability & ventures, Giulia Chierchia
EVP People & culture, Kerry Dryburgh
EVP Legal, Mike Sosso
Regional teams will report to their most relevant businesses. The Latin America team, formerly part of RC&S, will now report to P&O. The bp America and China teams, formerly part of RC&S, will now report to G&LCE, as will bp’s strategic corporates and partnerships team and central non-operated joint ventures team. The UK and Europe teams, formerly part of RC&S, will now report to C&P. Other teams from RC&S will report into relevant functions.
The organisational changes will not impact bp’s financial reporting structure.
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