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International Business Times
International Business Times
Business
AFP News

BP Picks New CEO Following Looney Sacking

Analysts say new CEO Murray Auchincloss has his work cut out to restore investor confidence in BP (Credit: AFP)

British oil giant BP on Wednesday named veteran employee Murray Auchincloss as chief executive officer following a period as interim boss in the wake of Bernard Looney's sacking.

BP's former chief financial officer Auchincloss took the reins in September after Looney resigned and was later officially sacked over his failure to disclose past relationships with colleagues.

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