Kate Thomson Joins Board, Appointed CFO of bp

February 6, 2024 | by magnews24.com

In addition to joining the board, bp has appointed Kate Thomson to the position of chief financial officer effective immediately.

The board of bp has announced that Kate Thomson is now the company’s chief financial officer (CFO) and will join the board effective immediately. Since September of 2023, Thomson has been the interim CFO for bp.

Prior to taking on the role of interim CFO, Thomson had been bp’s senior vice president, finance for production and operations, responsible for the financial stewardship and commercial partnering of the global business. Thomson has been with bp since 2004 and previously held a number of senior financial roles, including group treasurer and group head of tax.

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“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,” said Kate Thomson, CFO, bp Group. “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.”

Before joining the bp team, Thomson worked in professional services firms such as Ernst & Young in M&A tax and group head of tax for Charter plc. She has been a member on the board of Aker BP since 2016 and also serves on the boards of numerous bp Group companies. Thomson is a qualified chartered accountant and a member of the Institute of Chartered Accountants in England and Wales.

“I am delighted to confirm Kate’s appointment as CFO and welcome her to the board. She has a detailed understanding of bp and the energy and finance sectors, combined with deep technical expertise,” said Helge Lund, bp chair. “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.”

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