BP’s former CEO forfeits pay of €37.6m for misleading board

The 53-year-old Kerry man will receive no further salary, pension allowance or benefits from the date of his dismissal and will not be paid any annual bonus for the financial year 2023

Bernard Looney stepped down on September 12 over his failure to fully disclose past relationships with colleagues.

BP Plc’s former chief executive officer Bernard Looney will forfeit as much as £32.4m (€37.6m) in pay after resigning in September because he lied about his personal relationships with other employees.

“Mr Looney knowingly misled the board,” the company said in a statement on Wednesday. “The board has determined that this amounts to serious misconduct.”