BP said it had recently started an investigation into alleged relationships Mr Looney had with colleagues, the second such review in two years.
The firm said Mr Looney had admitted he was not “fully transparent” initially.
The firm said Mr Looney had admitted he was not “fully transparent” initially.
“All leaders in particular are expected to act as role models and to exercise good judgement in a way that earns the trust of others.”
Mr Looney had spent his career at BP, which he joined in 1991 as an engineer. He became a member of its executive team in 2010.
BP said it had not made any decisions related to severance pay for Mr Looney. He received more than £10m in pay and bonuses last year, as soaring oil prices pushed the firm’s profits to a record.
Chief financial officer Murray Auchincloss will act as chief executive on an interim basis.
The company said that Mr Looney had admitted to not being “fully transparent” during a 2022 review of his relationships with colleagues, which was launched after an anonymous tip-off.
The firm said Mr Looney had admitted he was not “fully transparent” initially.
BP said it had recently started an investigation into alleged relationships Mr Looney had with colleagues, the second such review in two years.
“All leaders in particular are expected to act as role models and to exercise good judgement in a way that earns the trust of others.”
The firm said Mr Looney had admitted he was not “fully transparent” initially.
The firm said Mr Looney had admitted he was not “fully transparent” initially.
“All leaders in particular are expected to act as role models and to exercise good judgement in a way that earns the trust of others.”
Mr Looney had spent his career at BP, which he joined in 1991 as an engineer. He became a member of its executive team in 2010.
BP said it had not made any decisions related to severance pay for Mr Looney. He received more than £10m in pay and bonuses last year, as soaring oil prices pushed the firm’s profits to a record.
Chief financial officer Murray Auchincloss will act as chief executive on an interim basis.
The company said that Mr Looney had admitted to not being “fully transparent” during a 2022 review of his relationships with colleagues, which was launched after an anonymous tip-off.
#boss #resigns #review #039personal #relationships039
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