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Your email address will not be published.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

How Transport for London plans to build 20,000 new homes

Responsible mainly for public transport, TfL is also the capital’s third biggest…

Tears of relief show how far Fury was pushed by Wilder in fight for the ages | Donald McRae

This was one of the great heavyweight fights but also a warning…

US Senate passes $95bn aid for Ukraine, Israel and Taiwan

The Senate, in a bipartisan super-majority, overwhelmingly voted to advance the measure,…

Ex-banker Paul Mora put on Interpol wanted list in German fraud inquiry

Arrest warrant issued over alleged role in cum-ex trades that defrauded the…