BP CEO Bernard Looney is resigning due after not disclosing past personal relationships with colleagues, multiple news outlets reported Tuesday, three years after taking over as head of the British oil and gas giant.
Bernard Looney has run the British oil and gas company since 2020.
His resignation comes after failing to fully disclose past relationships with colleagues, BP told Bloomberg.
Looney’s impending resignation is not due to financial performance, the Times reported citing two people with knowledge of the decision.
In the interim, Looney will be replaced by the chief financial officer, Murray Auchincloss, Bloomberg reported.
A spokesperson for BP could not immediately be reached for comment.
This is a breaking story and will be updated.
BP Chief Bernard Looney To Resign Over Past Relationships With Colleagues (Financial Times)