BP is facing a further senior exodus after gas boss William Lin announced he will leave the company in the third quarter of the year. This comes just days after the abrupt departure of chairman Albert Manifold, who was ousted after less than a year in the job.
Lin, who has spent three decades at the company, will depart in the third quarter, according to a statement from BP. The news comes as the energy giant continues to navigate a challenging period, with the global energy market facing significant headwinds.
Manifold's ousting was widely seen as a surprise, with many in the industry commenting on the sudden move. The chairman was appointed in October last year, but his departure has raised questions about the future direction of the company.
BP's share price has fallen by around 10% in the past week, following the news of Manifold's departure. The company is facing significant challenges, including increased competition in the global energy market and rising costs.
The latest departure is a blow to the company, which is already facing a period of significant change. BP is in the process of transforming its business, with a focus on reducing emissions and increasing its renewable energy output.