Picture of BP logo

BP. BP News Story

0.000.00%
gb flag iconLast trade - 00:00
EnergyBalancedLarge CapSuper Stock

REG - BP PLC - bp simplifies organisation; changes to exec team

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240418:nRSR1517La&default-theme=true

RNS Number : 1517L  BP PLC  18 April 2024

 

press release

 

 

18 April 2024

 

bp simplifies organisational structure and

announces executive team changes

 

·     Simplified structure reduces duplication and reporting line
complexity.

·     William Lin to lead gas & low carbon energy business, following
retirement of Anja-‑Isabel Dotzenrath.

·     Emeka Emembolu to lead technology function, following Leigh-Ann
Russell's decision to leave bp for an external opportunity.

 

 

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.

 

"I congratulate William on his new role and am delighted to welcome Emeka to
the leadership team. William brings extensive experience, expertise, and
leadership to gas & low carbon energy - a key part of our portfolio. He
has a proven track record of delivery, managing complex relationships and
deals - effectively leading teams to build resilient businesses. Emeka has
been chief of staff for the past two years and in a 25-year bp career has held
senior technical roles right across the business, always focused on safety,
value growth, people and technology.

 

"I would of course also like to thank Anja and Leigh-Ann. Anja has made a
hugely positive and lasting impact, building a world class team and low carbon
business platform and leading and implementing the right low carbon strategy
for bp for the long term. Leigh-Ann has ensured bp kept aware of both the
opportunities and risks presented by today's fast-developing technologies. Her
leadership, commitment to building diverse teams, and care for people are
deeply appreciated throughout bp. I wish them both all the very best for the
future."

 

William Lin is already a member of bp's leadership team in his current role as
executive vice president for regions, corporates & solutions. For the past
four years, he has led RC&S as a key integrator of bp's global activities
with customers, partners, and governments.  William has worked in bp for 28
years, holding senior management roles across the world including in Asia
Pacific, Egypt and the US, and as head of bp's group chief executive office
and as chief operating officer in the former Upstream responsible for all oil
and gas regions across the portfolio.

 

Emeka Emembolu has worked as chief of staff for the past two years. In this
role he has run the CEO office and provided direct support and advice to the
bp leadership team. Emeka has been with bp for 25 years, starting his career
working offshore as an engineer. Before joining the executive office, he ran
bp's business in the North Sea. Prior to that, he held a range of senior
technical leadership roles in the Gulf of Mexico/Canada, North Africa, and
Alaska businesses and in bp's subsurface function.

 

 

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.

 

 

Further information:

 

·     bp press office, London: bppress@bp.com

Cautionary statement:

 

In order to utilize the 'safe harbor' provisions of the United States Private
Securities Litigation Reform Act of 1995 (the 'PSLRA') and the general
doctrine of cautionary statements, bp is providing the following cautionary
statement: This announcement contains certain forecasts, projections and
forward-looking statements - that is, statements related to future, not past
events and circumstances - with respect to the financial condition, results of
operations and businesses of bp and certain of the plans and objectives of bp
with respect to these items. These statements may generally, but not always,
be identified by the use of words such as 'will', 'expects', 'is expected to',
'aims', 'should', 'may', 'objective', 'is likely to', 'intends', 'believes',
'anticipates', 'plans', 'we see', 'focus on' or similar expressions.

 

By their nature, forward-looking statements involve risk and uncertainty
because they relate to events and depend on circumstances that will or may
occur in the future and are outside the control of bp. Actual results or
outcomes, may differ materially from those expressed in such statements,
depending on a variety of factors, including the risk factors discussed under
"Risk factors" in bp's most recent Annual Report and Form 20-F as filed with
the US Securities and Exchange Commission. Our most recent Annual Report and
Form 20-F and other period filings are available on our website at www.bp.com,
or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at
www.sec.gov.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFIFIDSRITLIS

Recent news on BP

See all news