BP CEO Looney Quits Over Past Relationships With Colleagues
- Looney led the London-based oil and gas giant for three years
- Company said CEO didn’t fully disclose personal relationships
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BP Plc Chief Executive Officer Bernard Looney has resigned effective immediately over the failure to fully disclose past relationships with colleagues.
The surprise development leaves the oil and gas giant leaderless at a crucial juncture, just as the company is trying to persuade investors to stick with it through a costly transition to low-carbon energy. It’s also another example of how the push for higher standards of personal behavior in the workplace, stemming from the Me Too movement, has reached the very top of the corporate world.