BP has picked headhunters to advise it on its seek for a brand new chief govt, greater than two months after Bernard Looney’s efficient ousting over undisclosed private relationships.
Sky News has learnt that the FTSE 100 oil large has enlisted Egon Zehnder International to determine a successor to Mr Looney.
Its search is predicted to embody exterior candidates in addition to inner candidates, together with the interim chief govt Murray Auchincloss.
Mr Auchincloss, who was beforehand BP’s finance chief, has gained broad assist from shareholders to land the job on a everlasting foundation, in keeping with City insiders.
The appointment course of, nevertheless, is prone to take a number of months to conclude.
Mr Looney, whose payoff remains to be being decided by BP board members, had led the corporate since 2020.
In the assertion saying his resignation, BP stated it had carried out two probes into his relationships with colleagues and that it had been given assurances in the course of the first of these inquiries, which happened final yr.
“Mr Looney has informed the company that he now accepts that he was not fully transparent in his previous disclosures,” BP stated in mid-September.
“He did not provide details of all relationships and accepts he was obligated to make more complete disclosure.”
Shares in BP, which declined to remark, had been buying and selling on Wednesday at round 471.68p, giving it a market capitalisation of roughly £80bn.
Source: information.sky.com”