BP chairman Helge Lund has announced plans to step down, likely in 2026, with a succession process now underway led by senior independent director Amanda Blanc. The board aims to ensure a smooth transition while maintaining focus on executing BP’s new strategy and improving performance. Lund emphasized that the timing is right to begin the handover process and pledged continued support for CEO Murray Auchincloss and the executive team.
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Source: Splash 247
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