Auchincloss will be taking over from Brian Gilvary and serving alongside new CEO Bernard Looney.
London-based multinational oil and gas company BP has announced the appointment of Murray Auchincloss as its new CFO with effect from 1 July.
Auchincloss has been the CFO for BP’s Upstream division since 2015. He was head of the group CEO’s office from 2010 to 2013, working directly with previous CEO Bob Dudley. From 2005 to 2007 he was CFO for BP’s North Sea business.
The appointment comes after previous CFO Brian Gilvary’s resignation, which comes into effect from 30 June. He has served in the role for eight years.
Auchincloss will be serving alongside Bernard Looney, who takes over as BP’s CEO in February after the resignation of Dudley. Prior to his appointment, Looney was head of BP’s upstream division.
About Auchincloss’ appointment, Looney said:
“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.”
BP chairman Helge Lund said that, with Murray’s 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.
BP said in a statement that Gilvary and Auchincloss will work together between now and the end of June to ensure an orderly transition.
