Nacho Gimenez has accepted a new investor role at an undisclosed energy company.

Gimenez leaves BP ventures

Nacho Gimenez has announced his departure as managing partner of BP Ventures, the corporate venture arm of UK-based oil and gas conglomerate BP.

Gimenez has not publicly disclosed his next career move; but GCV understands that he plans to take an investor role at another energy company.

Gimenez began his career at BP 22 years ago working as an optimisation engineer at Castellon refinery. He held other positions including asset economist in trading and shipping before transitioning to BP’s venture arm in 2017.

At BP Ventures Gimenez held various positions including venture principal and managing director of Europe and the Middle East. He was promoted to managing partner, a position he held for three years.

Whilst at BP, Gimenez was the non-executive director for four years at Grid Edge, a UK-based energy equipment developer. He was also a non-executive director for UK-based electricity data intelligence platform Votlaware for four years.

BP Ventures was founded in 2006. The firm invests in startups in advanced mobility, low-carbon products and carbon management. It has 46 companies in its portfolio including Daisi, BiSN and Blue Ocean Seismic Services.

“Back in 2001, as a young chemical engineer, I would have never imagined the experiences, friendships and learnings that I would encounter on this journey. From refining in Spain to trading, ventures, the companies I have served as director. I have countless memories and a huge number of people to thank, inside and outside BP,” said Gimenez on LinkedIn.

Roshini Bains

Roshini Bains is the junior news reporter for Global Corporate Venturing and Global University Venturing.