(Alliance News) - Oil major BP PLC on Tuesday announced the departure of long-standing employee and current finance chief Brian Gilvary.
Gilvary will depart BP on June 30. He has been chief financial officer for eight years, and has worked at BP for 34 years.
He has been in a variety of commercial and financial roles at BP, the company said, and before becoming CFO roles included serving as the head of BP's supply & trading operations. In 2010, he became deputy CFO, taking up the full role in 2012.
BP has appointed Murray Auchincloss as Gilvary's replacement. Auchincloss, who will take up his new role on July 1, is currently the finance head of BP's Upstream segment, which includes oil & gas production operations. He has been Upstream CFO since 2015.
Chair Helge Lund commented: "We will miss Brian's financial stewardship and strategic insights. He is one of the architects of today's BP, key to its transformation into a safer, simpler and stronger company.
"After a thorough selection process, the board is pleased to have chosen Murray as BP's next CFO. With his international financial and commercial experience and a deep understanding of the whole group, he will play an important role as BP continues to develop in a fast-changing energy market. On behalf of the board, I would like to thank Brian for all he has done for BP and look forward to welcoming Murray to the board."
Bernard Looney, who will become BP's chief executive on February 5 and is currently CEO of Upstream, added: "All of us at BP will greatly miss Brian's clarity of thought, his candour and his commitment to the company. I appreciate that he has agreed to stay in post until mid-year to ensure a successful handover to Murray.
"I have worked side-by-side with Murray for many years and have the utmost confidence in his ability to step into this critical role."
The change in CFO comes not long after BP announced a change at the very top of the company. Looney will be replacing Bob Dudley, whose departure as CEO was announced in October 2019.
By George Collard; georgecollard@alliancenews.com
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