Jan 21, 2020

BP finance chief to retire amid changing of the guard at oil major

BP's chief financial officer Brian Gilvary is to retire from the oil and gas major in June in a further reshuffle at the top of the company as its chief executive Bob Dudley prepares to hand over to his successor Bernard Looney next month. Mr Gilvary became CFO in 2012 and helped rebuild the company's finances after the 2010 Deepwater Horizon oil spill as well as steering it through the 2014 oil price crash. He will be replaced by Murray Auchincloss, who as chief financial officer of BP's upstream business, has worked closely with Mr Looney. Mr Gilvary joined BP in 1986 and held a variety of other roles including chief executive of its integrated supply and trading business. "Mr Looney, who takes over as chief executive from February 5, said:"All of us at BP will greatly miss Brian's clarity of thought, his candour and his commitment to the company.

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