BP on Thursday said it was simplifying its organizational structure “to grow the value” of the business.
William Lin replaces Anja-Isabel Dotzenrath as the new head of the firm’s oil and low carbon energy business. The company announced Emeka Emembolu as the new lead of BP’s technology functions, taking over from Leigh-Ann Russell, who is due to leave the group.on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business.The company also announced Emeka Emembolu as the new lead of BP's technology functions, taking over from Leigh-Ann Russell, who is due to leave the group.
"As I set out in February, bp's destination from IOC to IEC is unchanged – and we need to deliver as a simpler, more focused and higher value company," BP CEO Murray Auchincloss said in a statement. "These changes will help us do just that, reducing complexity within bp, allowing our team to focus on delivering our priorities and growing the value of bp," he added.Direct Iran-Israel war could spike oil by $30 to $40, Bank of America says