Plus   Neg

BP Names Bernard Looney CEO, Succeeding Bob Dudley, Effective Feb. 5

British energy giant BP Plc. (BP.L,BP_UN.TO,BP) announced Friday that Bernard Looney, aged 49, has been appointed as its Chief Executive Officer. Looney succeeds Bob Dudley, who is retiring after leading the company for over nine years.

Looney, currently chief executive, Upstream, will join the BP Board on February 5, 2020. He will continue in his current role until that date.

Dudley, aged 64, will step down as CEO and from the BP Board following delivery of the company's 2019 full year results on February 4, 2020. He will retire on March 31, 2020 after a 40-year career with BP.

Further, the company announced that Lamar McKay, currently deputy group chief executive, has agreed to serve as chief transition officer. In this new role, McKay will support the Chairman and incoming group chief executive. He will assume this new role immediately and step down as deputy group chief executive.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pizza Hut's large Original Pan Pizza is now available at locations across the U.S. for $10.99. The fast food chain, a subsidiary of Yum! Brands Inc., said that fans can now get a large Original Pan Pizza with up to three of their favorite toppings, without needing to stretch their wallets. The Original Pan Pizza is a buttery golden-brown color. The U.S. Food and Drug Administration approved the first drug to treat adults and children aged 12 years and older with hypereosinophilic syndrome for six months or longer without another identifiable non-blood related cause of the disease. GlaxoSmithKline's Nucala (mepolizumab) is the first FDA-approved drug in nearly 14 years to treat this group of rare and debilitating blood diseases. Uber has won a legal battle to continue to operate in London, one of its largest markets. The ride-hailing company has been granted an 18-month license to operate in London after overturning the ban on an appeal for the second time. The Westminister Magistrates Court found Uber London Ltd. a "fit and proper" company to run the services in London.
Follow RTT