2025-12-18
11 分钟Good morning from the Financial Times.
Today is Thursday, December 18th, and this is your FT&E's briefing.
BP is replacing its CEO,
and India's central bank governor is cheering his country's Goldilocks moment.
Plus, companies doing business in China are looking to private equity for a helping hand.
I'm Mark Filipino, and here's the news you need to start your day.
BP's Chief Executive Murray Aachencloss said late last night he's stepping down immediately.
The head of Woodside Energy, Meg O'Neill will join as CEO in April.
BP's head of trading, Carol Howe will take over in the interim.
O'Neill started as Woodside CEO in 2021.
Before that, she was an executive at ExxonMobil.
This is yet another big change at BP this year.
In April, activist investor Elliott Management upped its stake in the oil major to 5%.
The American hedge fund pressured the company to cut costs.
BP also continued to pivot away from its ambitious energy transition and back to oil and gas.
Aachencloss is stepping down from his CEO post less than two years into the role.
He said he'll stay on in an advisory capacity until the end of next year.
A balanced economy is the dream of every central bank governor.
The head of the Reserve Bank of India says during his first year, he's achieved it.
Sanjay Malhotra spoke to the FT's Mumbai bureau chief Chris Kay recently.