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LONDON - bp PLC (LSE:BP (NYSE:BP).) announced on Monday that Helge Lund, the current Chair of the company’s board of directors, has expressed his intention to step down from his role. The board, led by Senior Independent (LON:IOG) Director Dame Amanda Blanc, has initiated a process to find Lund’s successor.
Helge Lund, who has played a significant role in reshaping the company’s strategy, will continue in his position to ensure a smooth transition until the new Chair is appointed. The transition is expected to take place sometime in 2026.
In the interim, the board’s primary focus will remain on the execution of bp’s strategic initiatives and enhancing shareholder value. Lund emphasized the importance of delivering the company’s strategy "at pace" and overseeing the strategic and financial objectives outlined in the recent Capital Markets Update.
Dame Amanda Blanc will spearhead the search for a new Chair, aiming to find a candidate with the necessary experience and credibility to lead the board and support management in the safe execution of bp’s strategy.
This announcement, which contains inside information, was disseminated by Ben Mathews, Company Secretary of BP p.l.c., and is based on a press release statement. The process for selecting a new Chair is underway, with further details to be provided as the search progresses.
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