BP is taking steps to simplify its organizational structure by combining its regions, corporates and solutions organization into businesses and functions and restructuring the roles of its executive team, the company announced in an April 18 press release.
BP will now be supported by five functions: finance; technology; strategy; sustainability and ventures; people and culture; and legal. The company will continue to operate its three businesses—production and operations, gas and low carbon energy and customers and products—enabled by shipping and trading.
BP’s executive team is also reducing to 10 members with the retirement of Executive Vice President of Gas and Low Carbon Energy Anja-Isabel Dotzenrath. The previous leader of the now integrated regions, corporates and solutions organization, William Lin, will replace Dotzenrath.