BP Simplifies Organizational Structure, Makes Changes in Executive Team

Management Decision BP Simplifies Organizational Structure, Makes Changes in Executive Team

2024-05-07 Source: Press release BP 2 min Reading Time

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BP has simplified its organizational structure to reduce duplication and reporting line complexity. The company has also appointed William Lin and Emeka Emembolu to lead the gas & low carbon energy business and technology function respectively.

BP’s executive leadership team will reduce in size to ten members. (Source: BP) — BP’s executive leadership team will reduce in size to ten members.
(Source: BP)

London/UK – BP is simplifying its organizational structure, supporting delivery of the priorities it set out in February 2024 to grow the value of BP. BP will continue to have three businesses - production & operations, gas & low carbon energy and customers & products – enabled by trading & shipping. The current regions, corporates & solutions organization will be integrated into the businesses and functions, and BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. Together these changes will reduce duplication and reporting line complexity. BP’s executive leadership team will reduce in size to ten members. The firm’s financial reporting structure remains unchanged.

William Lin, who previously led regions, corporates & solutions, will now lead the gas & low carbon energy business, succeeding Anja-Isabel Dotzenrath who is retiring from BP and her executive career. Emeka Emembolu will head BP’s technology function, taking over from Leigh-Ann Russell who is leaving BP for an external opportunity.

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Murray Auchincloss, BP’s chief executive officer, said: “As I set out in February, BP’s destination from IOC to IEC is unchanged – and we need to deliver as a simpler, more focused and higher value company. These changes will help us do just that, reducing complexity within BP, allowing our team to focus on delivering our priorities and growing the value of BP.

“I congratulate William on his new role and am delighted to welcome Emeka to the leadership team. William brings extensive experience, expertise, and leadership to gas & low carbon energy - a key part of our portfolio. He has a proven track record of delivery, managing complex relationships and deals – effectively leading teams to build resilient businesses. Emeka has been chief of staff for the past two years and in a 25-year BP career has held senior technical roles right across the business, always focused on safety, value growth, people and technology.”

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