"The company named Meg O'Neill, who previously led Australia's top oil and gas company Woodside Energy for the role. O'Neill will become the first woman to hold the top executive spot at one of the world's biggest oil companies. She said that she looks forward to working to "accelerate performance" at BP and plans to prioritize shareholder growth and reestablishing BP-now a possible takeover target -as a market leader in the oil and gas industry."
""After more than three decades with BP, now is the right time to hand the reins to a new leader," Auchincloss said in the announcement, adding that he told BP's chairman that he would be open to stepping down if a different leader could hasten the company's growth trajectory. "I am confident that BP is now well positioned for significant growth, and I look forward to watching the company's future progress and success under Meg's leadership," he said."
BP appointed Meg O'Neill as its new chief executive, making her the first woman to lead a global major oil company. O'Neill previously led Woodside Energy in Australia and will prioritize accelerating performance, boosting shareholder growth, and reestablishing BP as a market leader in oil and gas. She will formally assume the role in April; Murray Auchincloss, interim-turned-permanent CEO, will depart immediately after more than three decades with the company. BP recently replaced its board chair and has faced pressure from activist investor Elliott, which disclosed a 5% stake. BP's share price has lagged peers like Shell and ExxonMobil.
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