Company News

bp Restructures Business Functions, Names New Executives

Convenience-store company’s leadership team size will decrease to 10 members
bp
Image: bp

bp is simplifying its organizational structure, splitting into five functions: finance; technology; strategy, sustainability and ventures; people and culture; and legal. The convenience-store company is also rearranging its executive team

  • bp is No. 7 on CSP’s 2024 Top 40 Update to the 2023 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2024 Top 202 ranking in the June issue of CSP magazine and in CSP Daily News.

The company will continue to have three businesses—production and operations; gas and low carbon energy; and customers and products—enabled by trading and shipping. These businesses will be supported by the five functions.

bp will also integrate the current regions, corporates and solutions (RC&S) organization into those businesses and functions.

Together the changes will reduce duplication and reporting line complexity, according to the company.

bp’s executive leadership team will reduce in size to ten members, its financial reporting structure remaining unchanged.

William Lin, who previously led RC&S, will now lead the gas and 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.

“As I set out in February, bp’s destination from IOC [integrated oil company] to IEC [integrated energy company] is unchanged—and we need to deliver as a simpler, more focused and higher-value company,” said Murray Auchincloss, CEO of bp. “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.”

Lin is already a member of bp’s leadership team in his current role as executive vice president for RC&S. For the past four years, he has led RC&S as a key integrator of bp’s global activities with customers, partners and governments. He has worked in bp for 28 years, holding senior management roles across the world including in Asia Pacific, Egypt and the United States and as head of bps group CEO office and as COO in the former upstream, responsible for all oil and gas regions across the portfolio.

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. Emembolu 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.

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