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BP, London-based multinational oil and gas company, on Wednesday named Murray Auchincloss permanent CEO, four months after he was given the interim job following the sudden resignation of Bernard Looney over undisclosed relationships with employees.
Auchincloss, who headed BP's finances under Looney, indicated he will continue a strategy aimed at slashing carbon emissions, building up its renewables and clean fuel capacity and cutting oil and gas output by 2030, reports Reuters.
"Our strategy – from international oil company to integrated energy company, or IOC to IEC – does not change. I'm convinced about the significant value we can create," Auchincloss said in a statement.
"Now, more than ever, our focus must remain on delivery – operating safely and efficiently, executing with discipline, and always focusing on returns."
Auchincloss, 53, became interim CEO after Looney resigned on Sept. 12 for failing to disclose relationships with employees, throwing the energy giant into turmoil.
Auchincloss is himself married to a BP employee, a relationship he disclosed prior to becoming CFO in 2020.
He was seen as the most likely candidate for the permanent job after Chairman Helge Lund and BP's board had short-listed two other internal candidates - BP head of trading and shipping Carol Howle and Emma Delaney, head of customers and products, sources told Reuters in December.