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.
