bp Board Initiates Chair Succession Process Led by Dame Amanda Blanc

bp Board Initiates Chair Succession Process Led by Dame Amanda Blanc

(IN BRIEF) bp’s board has initiated a succession process to select a new Chair after Helge Lund announced his intent to step down. Led by Senior Independent Director Dame Amanda Blanc, the process will see the new Chair joining the board to work alongside Helge Lund for a seamless transition, expected to conclude in 2026. In the interim, the board remains focused on overseeing the implementation of bp’s newly reset strategy, aimed at improving performance and enhancing shareholder value. Both Helge Lund and Dame Amanda Blanc emphasized the importance of continuity and the need for a candidate with the right experience and credibility to guide the board into the future.

(PRESS RELEASE) LONDON, 5-Apr-2025 — /EuropaWire/ — bp today announced that its board of directors has launched a succession process to identify a new Chair following Helge Lund’s announcement that he will eventually step down. The process is being led by Dame Amanda Blanc, serving as Senior Independent Director, with input from the wider board.

Under this process, the chosen candidate will join the board and work closely with Helge Lund to ensure a smooth transition, ultimately taking on the Chair role as Helge gradually withdraws from board duties—most likely during 2026. Until the succession is finalized, the board will continue to prioritize management’s execution of the company’s refreshed strategy, focusing on performance improvement and value creation for shareholders.

Helge Lund commented, “After fundamentally resetting our strategy, bp is now fully focused on rapid strategy delivery, boosting performance, and growing shareholder value. Initiating the process to find my successor is timely and will facilitate an orderly handover. The board and I are fully committed to supporting Murray and his team and ensuring bp meets its strategic and financial objectives as outlined in our recent Capital Markets Update.”

Dame Amanda Blanc added, “We are embarking on a thorough search to find Chair candidates who possess the credibility and expertise needed to lead our board and maintain strong oversight of our strategic execution.”

This announcement contains inside information. Ben Mathews, Company Secretary at bp p.l.c., is responsible for coordinating the release of this news.

Media Contact:

bp press office
London: 07831 095541
bppress@bp.com

SOURCE: BP