The bp board has appointed Murray Auchincloss as CEO with immediate effect.
Auchincloss, who has been interim CEO since September following Bernard Looney’s resignation, will receive a £1.45m annual salary and continue as a member of the board.
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.”
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