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(WO) – bp p.l.c. introduced a serious management transition, naming Meg O’Neill as its subsequent chief govt officer, efficient April 1, 2026. O’Neill, presently CEO of Woodside Power, will succeed Murray Auchincloss, who’s stepping down as CEO and as a director of the board efficient Dec. 18, 2025.
Murray Auchincloss, who served as CEO of bp for simply over two years (from 2023 to December 2025), steps down following the board’s appointment of Meg O’Neill as his successor
Through the transition interval, Carol Howle, bp’s govt vp for provide, buying and selling and delivery, will function interim CEO till O’Neill assumes the position. Auchincloss will stay in an advisory capability via December 2026 to help a clean handover.
bp’s board stated O’Neill was chosen following a complete succession planning course of and cited her monitor report in driving transformation, progress and disciplined capital allocation. As CEO of Woodside since 2021, O’Neill led the corporate via the acquisition of BHP Petroleum Worldwide, creating a bigger, extra geographically diversified oil and fuel portfolio. Previous to becoming a member of Woodside in 2018, she spent greater than 20 years at ExxonMobil, holding a variety of technical, operational and management roles worldwide.
bp Chair Albert Manifold stated the appointment creates a possibility to speed up the corporate’s technique to turn into “less complicated, leaner and extra worthwhile,” including that stronger rigor and execution will likely be required to maximise shareholder worth within the subsequent part of bp’s evolution.
O’Neill stated bp performs a vital position in assembly world power demand and highlighted the corporate’s asset base and potential to strengthen efficiency and market management. She added that her focus will embrace security, operational efficiency, innovation and sustainability as bp navigates a altering power panorama.
Auchincloss, who has spent greater than 30 years with bp, stated the timing was proper at hand management to a brand new CEO and expressed confidence within the firm’s place for future progress underneath O’Neill’s management.
The board additionally thanked Howle for agreeing to function interim CEO, noting her 25 years of expertise at bp and her position in sustaining strategic continuity throughout the transition.
Prime picture credited to Nicky Loh, Bloomberg
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