BP Names Murray Auchincloss as CEO as CFO-to-CEO Promotions Reach 8.4%

BP•2026-06-09

BP promoted Murray Auchincloss from CFO to CEO, joining a trend of CFO-to-CEO moves that rose to 8.4% from 5.8% over the past decade. From 2016 to 2021, CFO digital oversight more than tripled and 66% now handle investor relations, highlighting the expanded skill set driving BP’s leadership strategy.

1. BP Elevates Murray Auchincloss to CEO

BP has named Murray Auchincloss, its longtime chief financial officer, as chief executive officer, marking a key leadership transition that could steer corporate strategy under his combined financial and operational expertise.

2. Rise in CFO-to-CEO Promotions

The share of CFOs advancing to CEO roles in Fortune 500 and S&P 500 companies climbed to 8.4% in 2026, up from 5.8% in 2016, underscoring BP’s choice within a growing industry-wide pattern.

3. Expanded CFO Skill Requirements

Between 2016 and 2021, the percentage of CFOs overseeing digital activities more than tripled, while those handling investor relations grew to 66%, reflecting the broader strategic capabilities expected of BP’s new chief executive.