BP Leadership Change Announced
- Meg O’Neill becomes CEO on 1 April 2026.
- Murray Auchincloss steps down on 18 December.
- Carol Howle serves as interim CEO.
- Meg O’Neill led Woodside Energy's growth and BHP Petroleum acquisition.
Leadership Transition
BP has announced that Meg O’Neill will take over as CEO on 1 April 2026. Murray Auchincloss will step down as CEO and director of the Board on 18 December, with Carol Howle stepping in as interim CEO.
Meg O’Neill's Background
Meg O’Neill is currently the CEO of Woodside Energy, where she has led significant growth, including the acquisition of BHP Petroleum International. Her experience includes 23 years at ExxonMobil in various leadership roles.
Transition Process
The transition is part of BP's strategic vision to become a simpler, leaner, and more profitable company. Murray Auchincloss will remain in an advisory role until December 2026 to ensure a smooth transition.
Board's Perspective
The BP Board, led by Chair Albert Manifold, believes this leadership change will accelerate the company's strategic goals and enhance shareholder value. The search for the new CEO was conducted by a Board search committee with an independent recruitment firm.
Source: bp