BP chief Bernard Looney resigns over past relationships with colleagues
The CEO of BP, Bernard Looney, has resigned after admitting that he was not fully transparent about his past relationships with colleagues. The company conducted an investigation into the allegations and found no breach of company rules initially, but further similar allegations prompted another investigation. Looney, who had been with BP since 1991, stepped down immediately, and Chief Financial Officer Murray Auchincloss will serve as interim CEO.