BP Plc Streamlines Leadership Structure to Drive Value

BP Plc has implemented a top management restructuring, allowing new Chief Executive Officer Murray Auchincloss to make his mark on the oil and gas giant as some executives depart. In an effort to simplify the organizational structure and enhance the company’s value, the executive leadership team will be reduced to 10 members, according to a statement released on Thursday.

William Lin, former head of regions, corporates, and solutions, will succeed Anja-Isabel Dotzenrath as the leader of natural gas and low-carbon energy, who is retiring. Auchincloss emphasized, “We need to deliver as a simpler, more focused, and higher value company.” He believes that these changes will enable BP to achieve this goal. Emeka Emembolu will assume leadership of BP’s technology division, succeeding Leigh-Ann Russell, who is departing the company, according to the statement. BP will maintain three primary business units: production and operations led by Gordon Birrell; gas and low-carbon energy led by Lin; and customers and products led by Emma Delaney. These divisions will continue collaborating with trading and shipping, overseen by Carol Howle.

Supporting these business units are five functions: finance under the leadership of Kate Thomson; technology led by Emembolu; strategy, sustainability, and ventures managed by Giulia Chierchia; people and culture overseen by Kerry Dryburgh; and legal led by Mike Sosso. The company’s regions, corporates, and solutions organization will be integrated into these businesses and functions, as outlined in the statement.