BP chief executive Bernard Looney has resigned after failing to disclose personal relationships with colleagues, the company said in a statement Tuesday.
after failing to fully disclose personal relationships with colleagues, the company said Tuesday.
"Mr. Looney has today informed the Company that he now accepts that he was not fully transparent in his previous disclosures," BP said in a press release. "He did not provide details of all relationships and accepts he was obligated to make more complete disclosure." Bernard Looney, then CEO of BP of UK, gestures as he addresses the gathering on the second day of the three-day B20 Summit in New Delhi on August 26, 2023. Looney resigned abruptly on Tuesday.
The release said BP's board received allegations in May 2022 from an anonymous source regarding Looney's behavior regarding personal relationships with others at the company, and that the CEO revealed a "small number" of past relationships with BP colleagues at the time."However, the Board sought and was given assurances by Mr. Looney regarding disclosure of past personal relationships, as well as his future behaviour," the release reads.
The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. BP CEO Bernard Looney unexpectedly resigned Tuesday.
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