BP Begins Hunt for New Chair As Elliott Management Pushes for Changes

BP p.l.c. (NYSE:BP) shares are trading lower premarket on Friday. The company disclosed that its board has begun the process of selecting a new chair following Helge Lund's decision to step down.

The succession process, led by Dame Amanda Blanc as senior independent director with board support, aims to ensure a smooth transition.

The selected candidate will join the board and work alongside Helge Lund before officially assuming the chair role, likely in 2026.

Helge ...