The board of BP p.l.c. announced yesterday that Brian Gilvary, BP chief financial officer (CFO), has decided to retire from the company and step down from the BP board on June 30, 2020. Gilvary has had a 34-year career with BP, including over eight years as CFO.
He will be succeeded by Murray Auchincloss, currently CFO of BP’s Upstream segment, who will take up the role of BP CFO and join the board on July 1, 2020. Gilvary and Auchincloss will work together between now and the end of June to ensure an orderly transition.
BP Chairman Helge Lund said: “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.”
Press Release Courtesy of BP.