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BP CFO to retire

BP PLC CFO Brian Gilvary will retire from his position and step down from the oil and gas supermajor's board of directors on June 30.

Murray Auchincloss, CFO of BP's Upstream segment, will take over Gilvary's CFO and board positions on July 1, according to a Jan. 21 news release. BP said Gilvary and Auchincloss will work together to ensure a seamless transition.

BP in October 2019 confirmed that its CEO Robert Dudley will retire on March 31 and step down from the board on Feb. 4. Dudley will be succeeded by Bernard Looney, the head of the company's Upstream business.