LONDON, Jan 11 (Reuters) – BP ( BP.L ) has appointed Gareth Burns to head its global ventures division, which oversees the company’s investments in start-up technologies as part of its shift towards low-carbon energy .
Burns joins from Norwegian rival Equinor ( EQNR.OL ) where he set up and led the energy ventures business since 2016, BP said in a statement.
BP’s venture business has invested $1 billion in 70 companies and actively manages 30 of them today, according to its website. Businesses range from unmanned aerial vehicles to geospatial analytics software and artificial intelligence.
BP also appointed Giorgia Carchitto as senior vice president of low carbon commercial assets. Carchitto previously worked for RWE Renewables.
Both positions report to Giulia Chierchia, head of strategy, sustainability and ventures.
BP has poached dozens of staff from rivals and major renewables firms in recent years as it pushes ahead with chief executive Bernard Looney’s plan to rapidly expand the British company’s low-carbon and renewables businesses. .
Reporting by Ron Bousso; editing by Jason Neely
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