BP Announces Leadership Transition

In a significant move, British oil giant BP plc revealed on Monday the appointment of Albert Manifold as its new chairman, taking over from Helge Lund. This change marks a pivotal moment for the company as it navigates the evolving energy landscape.

Manifold's Vision for BP

"It is an honour to be appointed chair of one of the world's great energy companies, and to have the opportunity to help the company reach its full potential. bp has a vital role to play in addressing the world's growing energy needs," Manifold shared, outlining his commitment to steering BP towards future successes.

Transition Timeline

The former chief executive of building materials company CRH Plc is set to join the BP board on September 1 as a non-executive director and chair-elect, with his official takeover as chair scheduled for October 1. This strategic timing ensures a smooth transition and continuity in leadership.