bp Appoints Interim Chief Financial Officer Following CEO’s Resignation

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Oil and energy company bp has appointed Kate Thomson as its interim chief financial officer following the resignation of its CEO Bernard Looney.

Murray Auchincloss, the company’s CFO, was appointed interim CEO following Looney’s departure on Sept. 12, leaving the CFO position open for Thomson to fill.

• bp is No. 7. on CSP's 2023 Top 202 list of largest U.S. c-store chains by store count. 

Thomson is bp’s senior vice president of finance for production and operations. She is responsible for the financial stewardship of and commercial partnering with the business globally, bp said. Thomson has been with the company for 19 years, holding several senior financial roles including group treasurer and head of group tax.

“Kate’s experience and skills make her ideally suited to take on the role of interim CFO,” Auchincloss said. “She brings deep technical knowledge together with a detailed understanding of bp and has a first-class track record of leadership across our finance function. I look forward to working alongside her as we continue to deliver bp’s strategy.”

Prior to joining bp, Thomson (pictured above) worked in professional services firms including with Ernst & Young in mergers and acquisitions tax and as group head of tax for Charter plc.

Looney resigned from bp after investigations into his personal relationships with company colleagues. After informing the board he was not fully transparent in his previous relationship disclosures, he left bp after a more than 30-year career there.  

Chicago-based bp owns convenience-store brands ampm and Thorntons. In May, it completed its acquisition of TravelCenters of America, Westlake, Ohio.

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