BP has announced company veteran Kate Thomson as its new Chief Financial Officer (CFO) and as a new member of BP’s board.
Thomson has been with BP since 2004, most recently as interim CFO, and prior to that as BP’s Senior Vice President, Finance for Production and Operations, responsible for the financial stewardship of and commercial partnering with the business globally.
“It’s a privilege to become CFO and to join bp’s board. We’ve made great progress through the past few years in strengthening bp, and I have no doubt this will continue. I’m excited about how we can continue to drive bp’s focus on delivery and growing value as we work towards hitting our targets for 2025,” said Thomson.
Helge Lund, Chair of BP, said he was delighted to confirm Thomson’s appointment as CFO and welcomed her to the board.
“She has a detailed understanding of BP and the energy and finance sectors, combined with deep technical expertise. 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 Murray as we continue with the execution of BP’s strategy.”
Thomson will receive an annual salary of AUD $1.5 million (£800,000), as well as provisions relating to bonus opportunity, bonus deferral, and performance shares, in accordance with BP’s 2023 remuneration policy as approved by shareholders.