BP appoints Woodside's Meg O'Neill as CEO after Auchincloss' abrupt exit [CNBC]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: CNBC
Anna Barclay | Getty Images News | Getty Images Oil and gas major BP said it had appointed Meg O'Neill, the head of Australia's Woodside Energy , as its CEO effective April 1 after an abrupt exit by Murray Auchincloss. O'Neill will become BP's first CEO appointed from outside the company in its more than century-long history and the first woman to head any of the world's top five oil majors. The second CEO change in just over two years is a sign that the British oil major is seeking a renewed push to improve its business after its shares and earnings have for years lagged behind competitors like Exxon Mobil and Shell The company embarked on a major strategy shift earlier this year, slashing billions in planned renewable energy initiatives and shifting its focus back to traditional oil and gas. “Progress has been made in recent years, but increased rigor and diligence are required to make the necessary transformative changes to maximise value for our shareholders,” said BP C
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- BP names new boss as current CEO leaves after less than two years [Yahoo! Finance]Yahoo! Finance
- Woodside Energy's Meg O'Neill Named BP CEO As Murray Auchincloss Exits [Forbes]Forbes
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