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
Directorate
Change dated 12 September 2023
Exhibit 1.1
press
release
12
September 2023
BP CEO Resigns
BP
plc announces that Bernard Looney has notified the Company that he
has resigned as Chief Executive Officer with immediate
effect.
Murray
Auchincloss, the Company's CFO, will act as CEO on an interim
basis.
In May 2022, the Board received
and reviewed allegations, with the support of external legal
counsel, relating to Mr Looney's conduct in respect of personal
relationships with company colleagues. The information
came from an anonymous source.
During that
review, Mr
Looney disclosed a small number of historical relationships with
colleagues prior to becoming CEO. No breach of the Company's Code
of Conduct was found. However, the Board sought and was given
assurances by Mr Looney regarding disclosure of past personal
relationships, as well as his future behaviour.
Further
allegations of a similar nature were received recently, and the
Company immediately began investigating with the support of
external legal counsel. That process is
ongoing.
Mr
Looney has today informed the Company that he now accepts that he
was not fully transparent in his previous disclosures. He did
not provide details of all relationships and accepts he was
obligated to make more complete disclosure.
The Company has strong values and
the Board expects
everyone at the Company to behave in accordance with those
values. 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.
No
decisions have yet been made in respect of any remuneration
payments to be made to Mr Looney. In accordance with section
430(2B) of the Companies Act 2006, particulars of any such
decisions will be disclosed at such times as, and to the extent
that, any such decisions are made.
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 - +44 (0)7831 095541,
bppress@bp.com
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.
