Former BP boss stripped of £32m for ‘misleading’ board over workplace conditions

The former boss of BP will lose more than £32 million in actual and potential pay for “misleading” the board over workplace conditions.

It comes after Bernard Looney stepped down as the oil giant’s CEO in September following allegations that he failed to fully disclose details of romances with colleagues as required by the company.

A BP spokesman said: “After careful consideration, the board has concluded that by providing inaccurate and incomplete assurances in July 2022, Looney deliberately misled the board.

“The board has determined that this constitutes serious misconduct.”

They added that Mr Looney had been formally dismissed on Wednesday and “this decision had the effect that Mr Looney’s 12-month notice period expires immediately”.

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