The appointment comes as the energy major slashes green spending and pivots back to oil amid pressure from investors.

(Reuters) -BP Chair Helge Lund intends to step down "likely during 2026", the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company.

Helge Lund is to step down as chairman of BP as the energy giant slashes green spending and pivots back to oil amid pressure from investors. The London-based company said Friday it had started a ...

Lund is expected to step down in 2026. BP said the succession process will be led by Amanda Blanc in her capacity as senior independent director. Shares of BP traded 2.2% lower on Friday morning.

British oil major BP on Friday said its chair Helge Lund will step down, likely in 2026, kickstarting a succession process. BP CEO Murray Auchincloss, who took the helm on a permanent basis in ...

Courtesy BP By Olivia Pulsinelli – Assistant managing editor for digital, Houston Business Journal Apr 4, 2025 Preview this article 1 min ...

BP's shareholders voted to re-elect Chairman Helge Lund as a director despite a sizable opposition at the company's annual general meeting. The British energy giant said the resolution to re-elect ...