British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024.
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British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process.
The company said the successful candidate will work with Lund ahead of taking on the role. Lund is expected to step down in 2026.
“Having fundamentally reset our strategy, bp’s focus now is on delivering the strategy at
pace, improving performance and growing shareholder value,” Lund said in a statement.
“Now is the right time to start the process to find my successor and enable an orderly and seamless handover,” he added.
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