bp: changes in management team

(CercleFinance.com) - bp is to simplify its organizational structure and announces changes to the management team.


bp will continue to have three businesses - production and operations, low-carbon gas and power, and customers and products - through trading and shipping.

The current organidation will now be supported by five functions: finance; technology; strategy, sustainability and business; people and culture; and legal.

These changes will reduce the complexity of the hierarchical chain: its management team will be reduced to ten members, while its financial reporting structure remains unchanged, it says.

William Lin, previously head of regions, businesses and solutions, will now lead the low-carbon gas and energy business. Emeka Emembolu will lead bp's technology function.

Murray Auchincloss, CEO of bp, said that the company needs to act as a simpler, more focused and higher value-added business. These changes will help it to do just that, reducing complexity within bp, enabling its team to focus on delivering our priorities and increasing the value of bp.


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