(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
APA Group to Build Pipeline in Expanding Australian Gas Play
2024-12-17 - APA Group will build and operate a 12-inch, 23-mile natural gas pipeline for a proposed 40-MMcf/d pilot drilling project in Australia.
Falcon, Tamboran Spud Second Well in Australia’s Beetaloo
2024-11-25 - Falcon Oil & Gas Ltd., with joint venture partner Tamboran, have spud a second well in the Shenandoah South Pilot Project in the Beetaloo.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
E&P Highlights: Feb. 3, 2025
2025-02-03 - Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
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.