BP chief executive Robert Dudley will step down from his current role at the end of March next year, the oil giant announced.
"The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company's 2019 full year results on 4 February 2020 and will retire on 31 March 2020," according to a press release from BP.
Dudley will be replaced by Bernard Looney, 49, currently boss of BP's upstream operations.
“As the company charts its course through the energy transition this is a logical time for a change,” BP Chairman Helge Lund said in a statement.
