BP announces organisational restructure
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
BP has announced that it is simplifying its organisational structure, supporting delivery of the priorities it set out in February 2024 to grow the value of the company.
BP will continue to have three businesses - production & operations, gas & low carbon energy and customers & products – enabled by trading and 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 oOficer, 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.
Read the article online at: https://www.hydrocarbonengineering.com/refining/18042024/bp-announces-organisational-restructure/
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