a9756z
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the
period ended 17 January, 2024
BP p.l.c.
(Translation
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F |X| Form 40-F
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Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of
1934.
Yes No
|X|
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Exhibit
1.1
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Murray
Auchincloss appointed bp CEO dated 17 January 2024
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Exhibit 1.1
press release
17 January 2024
Murray Auchincloss appointed bp chief executive
officer
bp announced today that the bp board has appointed Murray
Auchincloss as bp chief executive officer with immediate
effect. Murray, who has been interim CEO since September
2023, will continue as a member of the bp
board.
His appointment has been made following a robust and competitive
search process, carried out by the board over the past four months
with support from international search advisers. This included
detailed consideration of a range of candidates, including
external to bp.
Helge Lund, chair of bp said: "Since September, bp's board
has undertaken a thorough and highly competitive process to
identify bp's next CEO, considering a number of high-calibre
candidates in detail. The board is in complete agreement that
Murray was the outstanding candidate and is the right leader for
bp.
"Many already know Murray well, and few know bp better than he
does. His assured leadership, focus on performance and delivery,
and deep understanding of the opportunities and challenges in the
energy transition will serve bp well as we continue our disciplined
transformation to an integrated energy company."
Murray Auchincloss said: "It's an honour to lead bp - this is a
great company with great people. 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.
"Now, more than ever, our focus must remain on delivery - operating
safely and efficiently, executing with discipline, and always
focusing on returns. This is how we will deliver real benefits for
our customers and other stakeholders and continue to grow long-term
value for bp's shareholders."
The search process for the new CEO was led by a committee of the bp
board, headed by Helge Lund together with three other non-executive
directors. The appointment decision was approved by the full bp
board, excepting Murray Auchincloss.
Notes:
●
Before
becoming interim chief executive officer in September 2023, Murray
had been bp's chief financial officer since July 2020, at which
time he also joined bp's board. He had previously served as CFO,
deputy CFO and head of business development for
bp's Upstream segment. From 2010-2013 Murray was head
of bp's group chief executive's office, working directly with Bob
Dudley.
Murray,
53, joined Amoco Canada in 1992. Following financial
and planning roles in Canada and the US, his career included
periods as commercial director for bp's Onshore North America
business and CFO for bp's North Sea business. He has
a degree in finance from the University of Calgary and is a
Chartered Financial Analyst and is also a member of the Aker BP
board.
●
Murray
Auchincloss's remuneration arrangements will
include:
-
Annual
salary of £1.45 million.
-
Provisions
relating to bonus opportunity, bonus deferral and performance
shares are all in accordance with BP's 2023 remuneration policy as
approved by shareholders.
-
A
cash allowance in lieu of pension equal to 20 per cent of base
salary, in accordance with BP's remuneration policy and aligned
with the majority of the wider UK workforce.
●
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 of 16 April
2014 (MAR) as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018.
Further information:
bp press office, London: bppress@bp.com,
07831 095541.
Cautionary statement:
In order to utilize the 'safe harbor' provisions of the United
States Private Securities Litigation Reform Act of
1995 (the
'PSLRA'), bp is providing the following cautionary statement. This
announcement contains certain forward-looking statements -
that is, statements related to future, not past events and
circumstances - which may relate to one
or more of 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 are generally,
but not always, 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' or similar expressions. Actual
results may differ from those expressed in such
statements, depending on a variety of factors including the risk
factors set forth in our most recent Annual Report
and Form 20-F under "Risk factors" and in any of our more recent
public reports.
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.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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BP
p.l.c.
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(Registrant)
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Dated: 17
January 2024
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/s/ Ben
J. S. Mathews
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Ben J.
S. Mathews
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Company
Secretary
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