Company says he only disclosed ‘a small number of historical relationships prior to becoming CEO’

The chief executive of BP has resigned less than four years into his tenure after admitting that he failed to fully detail relationships with colleagues.

Bernard Looney, who has spent his entire career with BP, has departed the £88bn company immediately in a surprise move. On Tuesday night, the company informed investors that Looney “did not provide details of all relationships and accepts he was obliged to make more complete disclosure”.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

UK problems with slow growth and rising prices seem likely to get worse

Britain’s bout of mini-stagflation continues as businesses face supply and demand constraints…

Number of households renting has more than doubled since 2001, census reveals

Figure highlights rise of generation rent over two decades in England and…