bp has appointed Kate Thomson as chief financial officer, and she will also join bp’s board, effective immediately.
Thomson has been interim chief financial officer since September 2023, succeeding Murray Auchincloss, who became interim CEO in September following the resignation of CEO Bernard Looney.The company appointed Auchincloss as CEO in mid-January.
Before taking on the role of interim CFO, Thomson had been bp’s senior vice president of finance for production and operations, responsible for the financial stewardship of and commercial partnering with the business globally. She has been with bp since 2004, previously holding several senior financial roles, including group treasurer and group head of tax.
“I am delighted to confirm Kate’s appointment as CFO and welcome her to the board,” said Helge Lund, bp chair. “She has a detailed understanding of bp and the energy and finance sectors, combined with deep technical expertise. Her record of finance leadership together with her performance as interim CFO have clearly demonstrated her suitability to become bp’s permanent CFO. The board looks forward to working with Kate and Murray [Auchincloss] as we continue with the execution of bp’s strategy.”
bp appointed Auchincloss as its new chief executive officer
Before joining bp, Thomson had worked in professional services firms including with Ernst & Young in M&A tax and as group head of tax for Charter plc. She has been a member of the board of Aker BP since 2016 and also serves on the boards of a number of bp Group companies.
“It’s a privilege to become CFO and to join bp’s board,” said Thomson. “We’ve made great progress through the past few years in strengthening bp, and I have no doubt this will continue. I’m excited about how we can continue to drive bp’s focus on delivery and growing value as we work towards hitting our targets for 2025.”
- bp is No. 7 on CSP's 2023 Top 202 list of largest U.S. c-store chains by store count.
Chicago-based bp owns convenience-store brands ampm and Thorntons. In May, it completed its acquisition of TravelCenters of America, Westlake, Ohio. Bpx, bp’s U.S. onshore oil and gas business, began operating as a standalone entity in 2015.
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