A newlywed Vice president of BP hanged himself at his $2.5 million home just days after he was laid off due to the coronavirus pandemic, a coroner heard on Wednesday.
Nick Spencer, 61, was reportedly worried about how he was going to maintain his luxury home in Beaconsfield, Buckinghamshire after losing his big job.
Having been told of the life-changing redundancy due to the coronavirus pandemic, he became depressed and worried about his finances, a coroner was told.
In a statement read to the inquest, his wife Eve said: “Since he was made redundant, he had been depressed.
“He had been looking for a new job and I felt he seemed positive but there was an oil crisis because of Covid-19 and he was worried about re-mortgaging the house and the finances.
“In the period leading up to his death, he seemed a bit more down and it was the 12th anniversary of a family bereavement.
“At 6.40am on April 7 he got up. He was normally an early riser and I went back to sleep. I later went into the study and saw the letters he had written. I opened the one addressed to me and called the police, I was very worried.”
A police officer found Spencer hanged from a roof rafter in the home’s double garage, according to the report.
Pathologist Dr Steven Corrigan confirmed the cause of death as hanging after a ligature of hemp rope was discovered.
In 1998, British Petroleum merged with Amoco, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000, becoming BP plc in 2001.
Spencer joined BP in October 2009. He was selected as Vice President of the oil giant in November 2014, where he led 7,500 employees with a gross margin of US$6 billion (£4.6 billion).