December 20, 2023 BY Elizabeth Anderson

BP gears up for a new CEO

Looney resigned with immediate effect on 12 September after informing the company he was not completely honest and forthcoming regarding his personal relationships with co-workers. Following an investigation, the British oil giant dismissed Looney on 13 December without notice. Last week, BP announced it withheld approximately $40m in remuneration following the prompt dismissal. Now that…

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