After serving as an interim chief financial officer (CFO) since September 2023, Kate Thompson has been appointed as BP’s CFO and will join the company’s board with immediate effect.
BP said in a media release that before taking on the role of interim CFO, Kate had been the company’s senior vice-president for finance for production and operations, responsible for the financial stewardship of and commercial partnering with the business globally. She has been with BP since 2004, previously holding several senior financial roles, including group treasurer and group head of tax.
“She has a detailed understanding of BP and the energy and finance sectors, combined with deep technical expertise”, BP chair Helge Lund commented. “Her record of finance leadership together with her performance as interim CFO have clearly demonstrated her suitability to become BP’s permanent CFO”.
Thomson said, “We’ve made great progress through the past few years in strengthening BP, and I have no doubt this will continue”.
“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,” the new CFO added.
Before joining BP, Kate had worked in professional services firms including Ernst & Young in M&A tax and as group head of tax for Charter plc.
She has been a member of the board of Aker BP since 2016 and also serves on the boards of several BP companies.
She is a qualified chartered accountant and is a member of the Institute of Chartered Accountants in England and Wales.
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