Murray Auchincloss

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Murray Michael Auchincloss is a Canadian business executive, and the chief executive officer of BP. He was its interim CEO from September 2023 to January 2024.

Auchincloss is one of the highest paid executives in the UK. His 2023 pay packet stood at £8 million ($10 million). [1]

His pay for 2023 included salary of £1.02m, a bonus of £1.8m and share-based rewards worth worth £4.6m, as well as other benefits. [2] Auchincloss's high salary was condemned by campaign groups including Global Witness who called it 'sickening'. [3]

He earned a degree in commerce from the University of Calgary, Canada. [4]

Auchincloss qualified as a chartered financial analyst in the US. [4] He has been the chief financial officer (CFO) of BP since July 2020. [4] he is a director of Aker BP ASA, a main committee member of The 100 Group, and a member of the European Round Table for CFOs. [4]

In September 2023, he was appointed interim CEO of BP, following the sudden resignation of Bernard Looney due to failing to reveal relationships with colleagues. [5] Auchincloss is reported by the Times to also be in a relationship with a colleague. A spokeswoman for BP said that the relationship did not represent a breach of BP’s code of conduct and had been “fully and appropriately disclosed” to the group. [6]

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References

  1. ↑ "BP: New boss Murray Auchincloss gets £8m pay packet in 2023". BBC News. 8 March 2024. Retrieved 11 March 2024.
  2. ↑ Jolly, Jasper (8 March 2024). "BP claws back £1.8m from sacked boss Looney and hands new CEO £8m pay deal". The Guardian. ISSN   0261-3077 . Retrieved 11 March 2024.
  3. ↑ "'Sickening': Oil chief paid £8m households struggle". The Herald. 8 March 2024. Retrieved 11 March 2024.
  4. 1 2 3 4 "Murray Auchincloss". BP. Retrieved 12 September 2023.
  5. ↑ Lawson, Alex (12 September 2023). "BP boss Bernard Looney resigns after failing to reveal relationships with colleagues". The Guardian. Retrieved 12 September 2023.
  6. ↑ Martin, Ben (15 September 2023). "Bernard Looney's replacement at BP also in relationship with colleague". ISSN   0140-0460 . Retrieved 15 September 2023.
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