Difference between revisions of "Murray Auchincloss"
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| − | |description=CEO of [[BP]] who attended [[Bilderberg/2024]] | + | |description=Interim CEO of [[BP]] who attended [[Bilderberg/2024]]. |
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| − | '''Murray Michael Auchincloss''' is a Canadian business executive who attended the [[2024 Bilderberg meeting]] as CEO of [[BP]]. | + | '''Murray Michael Auchincloss''' is a Canadian business executive who attended the [[2024 Bilderberg meeting]] as interim CEO of [[BP]]. |
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| + | ==Education== | ||
| + | Auchincloss received a degree in finance from the [[University of Calgary]].<ref name="BP bio">https://www.bp.com/en/global/corporate/who-we-are/board-and-executive-management/the-board/murray-auchincloss.html</ref> | ||
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| + | ==Career== | ||
| + | Auchincloss qualified as a chartered financial analyst in the [[United States]]. From July 2020 to September 2023, he was the chief financial officer (CFO) of BP.<ref name="BP bio"/> He is a director of Aker BP ASA, a main committee member of The 100 Group, and a member of the European Round Table for CFOs.<ref name="BP bio"/><ref>https://www.euronews.com/business/2024/01/17/bp-appoints-new-permanent-ceo-murray-auchincloss</ref> | ||
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| + | In September 2023, he was appointed interim CEO of BP, following the sudden resignation of [[Bernard Looney]] due to failing to reveal relationships with colleagues.<ref name="Guardian">https://www.theguardian.com/business/2023/sep/12/bp-boss-bernard-looney-to-resign-after-failing-to-reveal-ties-with-colleagues </ref> Auchincloss was also reported by ''[[The Times]]'' to be in a relationship with a colleague. A spokeswoman for BP said that the relationship did not represent a breach of BP’s code of conduct and had been “fully and appropriately disclosed” to the group.<ref>https://www.thetimes.co.uk/article/looneys-replacement-at-bp-also-in-relationship-with-colleague-wpm8t0nvz </ref> | ||
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| + | Auchincloss sought to distance himself from the approach of his predecessor [[Bernard Looney]], vowing instead to focus on returns and investing in the most profitable businesses, first and foremost in oil and gas. BP abandoned a target to cut oil and gas output by 2030 as Auchincloss scaled back the firm's [[energy transition]] strategy to regain investor confidence.<ref>https://www.reuters.com/business/energy/bp-drops-oil-output-target-strategy-reset-sources-say-2024-10-07/</ref> | ||
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| + | Auchincloss is one of the highest paid executives in the United Kingdom. His 2023 pay packet stood at £8 million ($10 million).<ref>https://www.bbc.com/news/articles/cw0zj77e145o </ref> His pay for 2023 included a salary of £1.02 million, a bonus of £1.8 million and share-based rewards worth worth £4.6 million, as well as other benefits.<ref>https://www.theguardian.com/business/2024/mar/08/bp-sacked-boss-bernard-looney-bonuses-executive-pay-murray-auchincloss</ref> | ||
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| + | Auchincloss is also a member of the board of Directors of the [[Norwegian]] [[Aker BP]]<ref>https://akerbp.com/styret/</ref>. | ||
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==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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| + | |site=Wikipedia | ||
| + | |date=10.10.2024 | ||
| + | |url=https://en.wikipedia.org/wiki/Murray_Auchincloss | ||
| + | }} | ||
Latest revision as of 01:14, 8 November 2024
 Murray Auchincloss    (business executive) | |
|---|---|
 | |
| Born | 1970 |
| Nationality | Canadian |
| Alma mater | University of Calgary |
Interim CEO of BP who attended Bilderberg/2024.
| |
Murray Michael Auchincloss is a Canadian business executive who attended the 2024 Bilderberg meeting as interim CEO of BP.
Education
Auchincloss received a degree in finance from the University of Calgary.[1]
Career
Auchincloss qualified as a chartered financial analyst in the United States. From July 2020 to September 2023, he was the chief financial officer (CFO) of BP.[1] He is a director of Aker BP ASA, a main committee member of The 100 Group, and a member of the European Round Table for CFOs.[1][2]
In September 2023, he was appointed interim CEO of BP, following the sudden resignation of Bernard Looney due to failing to reveal relationships with colleagues.[3] Auchincloss was also reported by The Times to be in a relationship with a colleague. A spokeswoman for BP said that the relationship did not represent a breach of BP’s code of conduct and had been “fully and appropriately disclosed” to the group.[4]
Auchincloss sought to distance himself from the approach of his predecessor Bernard Looney, vowing instead to focus on returns and investing in the most profitable businesses, first and foremost in oil and gas. BP abandoned a target to cut oil and gas output by 2030 as Auchincloss scaled back the firm's energy transition strategy to regain investor confidence.[5]
Auchincloss is one of the highest paid executives in the United Kingdom. His 2023 pay packet stood at £8 million ($10 million).[6] His pay for 2023 included a salary of £1.02 million, a bonus of £1.8 million and share-based rewards worth worth £4.6 million, as well as other benefits.[7]
Auchincloss is also a member of the board of Directors of the Norwegian Aker BP[8].
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/2024 | 30 May 2024 | 2 June 2024 | Madrid Spain | The 70th Bilderberg Meeting |
References
- ↑ a b c https://www.bp.com/en/global/corporate/who-we-are/board-and-executive-management/the-board/murray-auchincloss.html
- ↑ https://www.euronews.com/business/2024/01/17/bp-appoints-new-permanent-ceo-murray-auchincloss
- ↑ https://www.theguardian.com/business/2023/sep/12/bp-boss-bernard-looney-to-resign-after-failing-to-reveal-ties-with-colleagues
- ↑ https://www.thetimes.co.uk/article/looneys-replacement-at-bp-also-in-relationship-with-colleague-wpm8t0nvz
- ↑ https://www.reuters.com/business/energy/bp-drops-oil-output-target-strategy-reset-sources-say-2024-10-07/
- ↑ https://www.bbc.com/news/articles/cw0zj77e145o
- ↑ https://www.theguardian.com/business/2024/mar/08/bp-sacked-boss-bernard-looney-bonuses-executive-pay-murray-auchincloss
- ↑ https://akerbp.com/styret/
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