REG - BP PLC - bp chair announces intention to step down

BPAnnouncement

04/04/2025 07:00

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RNS Number : 6955D  BP PLC  04 April 2025

 

 

press release

 

4 April 2025

 

bp chair announces intention to step down;

board launches search for successor

 

bp today announced that the company's board of directors has initiated a
succession process to select a new Chair, after Helge Lund informed the board
of his intention to step down in due course.

 

The succession process is being led by Dame Amanda Blanc, in her capacity as
Senior Independent Director, with support from the wider board.

 

It is intended that the successful candidate will join the board and work
together with Helge to ensure an orderly transition ahead of taking on the
role of Chair, at which point Helge will step down from the board, most likely
during 2026.

 

Whilst this succession process progresses, the board's focus will remain on
overseeing management's delivery of the new strategy and this will continue to
be their key priority under the new Chair.

 

Helge said: "Having fundamentally reset our strategy, bp's focus now is on
delivering the strategy at pace, improving performance and growing shareholder
value. Now is the right time to start the process to find my successor and
enable an orderly and seamless handover. The board and I are committed to
supporting Murray and his team, and to overseeing bp's delivery of its
strategic and financial objectives as we set out in our recent Capital Markets
Update."

 

Amanda said: "We are starting a comprehensive search to identify Chair
candidates with the credibility and relevant experience to lead the board and
continue driving management's safe execution of the reset strategy."

 

 

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of BP p.l.c., is Ben
Mathews, Company Secretary.

 

Further information:

bp press office, London: bppress@bp.com (mailto:bppress@bp.com) , 07831 095541

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