Why did BP CEO Resign?

British Petroleum CEO Bernard Looney resigned after failing to disclose relationships with colleagues

He only told about a small number of past relationships before becoming CEO

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Bernard Looney, who has spent his entire career with BP Looney was raised on a dairy farm in Ireland

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Bernard Looney joined BP in 1991 at age of 21 after studying completing electrical engineering in Dublin.

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He took over as CEO in 2020, and quickly set a goal for BP to “become a net-zero company by 2050”

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Looney disclosed “a small number of historical relationships with colleagues before becoming CEO”

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Murray Auchincloss, the company’s chief financial officer, will run the business till a new CEO is appointed.

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