(Source: Shutterstock.com)
BP’s interim CFO Kate Thomson has been promoted to CFO and has joined the company’s board, the company said Feb. 2.
Thomson has worked at BP since 2004. Before her appointment as interim CFO in September, Thomson served as BP’s senior vice president of finance for production and operations.
She also has been a member of Aker BP’s board since 2016 and also serves on the boards of several BP Group companies.
“[Thomson] has a detailed understanding of BP and the energy and finance sectors, combined with deep technical expertise,” Helge Lund, BP chair, said in the press release. “Her record of finance leadership together with her performance as interim CFO have clearly demonstrated her suitability to become BP’s permanent CFO. The board looks forward to working with Kate and [CEO] Murray as we continue with the execution of BP’s strategy.”
As part of Thomson’s appointment, she will be paid an annual salary of 800,000 pounds (about US$10 million) and receive a cash allowance instead of a pension equal to 20% of her base salary. Her employment agreement also includes provisions related to bonus opportunity, bonus deferral and performance shares in accordance with BP’s 2023 remuneration policy as approved by shareholders.
Recommended Reading
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
TC Energy Appoints Two Independent Directors to Board
2024-11-07 - TC Energy Corp. appointed Independent Directors Scott Bonham and Dawn Madahbee Leach to its board, the company announced Nov. 7 in a press release.
Twenty Years Ago, Range Jumpstarted the Marcellus Boom
2024-11-06 - Range Resources launched the Appalachia shale rush, and rising domestic power and LNG demand can trigger it to boom again.
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.