6-K
1
a1525l.htm
BP SIMPLIFIES ORGANISATION; CHANGES TO EXEC TEAM
a1525l
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 18 April, 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
---------------
----------------
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|
---------------
--------------
Exhibit
1.1
bp
simplifies organisation; changes to exec team dated 18 April
2024
Exhibit 1.1
press release
18 April 2024
bp simplifies organisational structure and
announces executive team changes
●
Simplified structure reduces duplication and reporting line
complexity.
●
William Lin to lead gas & low carbon energy business, following
retirement of Anja--Isabel Dotzenrath.
●
Emeka Emembolu to lead technology function, following Leigh-Ann
Russell's decision to leave bp for an external
opportunity.
bp is simplifying its
organisational structure, supporting delivery of the priorities it
set out in February 2024 to grow the value of
bp.
bp will continue to have three businesses - production &
operations, gas & low carbon energy and customers &
products - enabled by trading & shipping. The
current regions, corporates & solutions
organisation will be integrated into the businesses and
functions, and bp will now be supported by five functions: finance;
technology; strategy, sustainability & ventures; people &
culture; and legal. Together these changes will reduce
duplication and reporting line complexity. bp's executive
leadership team will reduce in size to ten members. bp's financial
reporting structure remains unchanged.
William Lin, who previously led regions, corporates &
solutions, will now lead the gas & low carbon energy business,
succeeding Anja-Isabel Dotzenrath who is retiring from bp and her
executive career. Emeka Emembolu will head bp's technology
function, taking over from Leigh-Ann Russell who is leaving bp for
an external opportunity.
Murray Auchincloss, bp's chief executive officer, said: "As I set
out in February, bp's destination from IOC to IEC is unchanged -
and we need to deliver as a simpler, more focused and higher value
company. These changes will help us do just that, reducing
complexity within bp, allowing our team to focus on delivering our
priorities and growing the value of bp.
"I congratulate William on his new role and am delighted to welcome
Emeka to the leadership team. William brings extensive experience,
expertise, and leadership to gas & low carbon
energy − a
key part of our portfolio. He has a proven track record of
delivery, managing complex relationships and deals - effectively
leading teams to build resilient businesses. Emeka has been chief
of staff for the past two years and in a 25-year bp career has held
senior technical roles right across the business, always focused on
safety, value growth, people and technology.
"I would of course also like to thank Anja and Leigh-Ann. Anja has
made a hugely positive and lasting impact, building a world class
team and low carbon business platform and leading and implementing
the right low carbon strategy for bp for the long term. Leigh-Ann
has ensured bp kept aware of both the opportunities and risks
presented by today's fast-developing technologies. Her leadership,
commitment to building diverse teams, and care for people are
deeply appreciated throughout bp.
I wish them both all the very best for the
future."
William Lin is already a member of bp's leadership team in his
current role as executive vice president for regions, corporates
& solutions. For the past four years, he has led RC&S as a
key integrator of bp's global activities with customers, partners,
and governments. William
has worked in bp for 28 years, holding senior management roles
across the world including in Asia Pacific, Egypt and the US, and
as head of bp's group chief executive office and as chief operating
officer in the former Upstream responsible for all oil and gas
regions across the portfolio.
Emeka Emembolu has worked as chief of staff for the past two years.
In this role he has run the CEO office and provided direct support
and advice to the bp leadership team. Emeka has been with bp for 25
years, starting his career working offshore as an engineer. Before
joining the executive office, he ran bp's business in the North
Sea. Prior to that, he held a range of senior technical leadership
roles in the Gulf of Mexico/Canada, North Africa, and Alaska
businesses and in bp's subsurface function.
Regional
teams will report to their most relevant businesses. The Latin
America team, formerly part of RC&S, will now report to
P&O. The bp America and China teams, formerly part of RC&S,
will now report to G&LCE, as will bp's strategic corporates and
partnerships team and central non-operated joint ventures
team. The UK and Europe teams, formerly part of RC&S,
will now report to C&P. Other teams from RC&S will
report into relevant functions.
●
The
organisational changes will not impact bp's financial reporting
structure.
Further
information:
●
bp
press office, London: bppress@bp.com
Cautionary statement:
In order to utilize the 'safe harbor' provisions of the United
States Private Securities Litigation Reform Act of 1995 (the
'PSLRA') and the general doctrine of cautionary statements, bp is
providing the following cautionary statement: This announcement
contains certain forecasts, projections and forward-looking
statements - that is, statements related to future, not past events
and circumstances - with respect to 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
may generally, but not always, be 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', 'focus on' or similar
expressions.
By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on
circumstances that will or may occur in the future and are outside
the control of bp. Actual results or outcomes, may differ
materially from those expressed in such statements, depending on a
variety of factors, including the risk factors discussed under
"Risk factors" in bp's most recent Annual Report and Form 20-F as
filed with the US Securities and Exchange Commission. 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.
