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BP chair Helge Lund has introduced plans to step down after a bruising tenure during which the oil main deserted an aggressive shift away from fossil fuels.
The corporate mentioned on Friday that Lund had notified the board of his plan to “step down sooner or later”. The seek for a successor will likely be led by Amanda Blanc, the board’s senior impartial director, BP added.
The departure of Lund, who has been chair since 2019, comes as BP in February ditched a radical technique to reinvent itself as a inexperienced vitality firm.
“Now could be the correct time to start out the method to search out my successor and allow an orderly and seamless handover,” mentioned Lund, who had beforehand led BG Group.
Blanc mentioned: “We’re beginning a complete search to determine chair candidates with the credibility and related expertise to guide the board and proceed driving administration’s protected execution of the reset technique.”
This can be a growing story
