BP p.l.c. / bp simplifies organisation; changes to exec team
BP p.l.c.: Release of a capital market information
18.04.2024 / 10:00 CET/CEST
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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
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"Risk factors" in bp's most recent Annual Report and Form 20-F as
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