Importance Score: 45 / 100 🔵
BP is reportedly eyeing Sam Laidlaw, the former CEO of Centrica, parent company of British Gas, as a potential frontrunner to take over from Helge Lund as chair, according to a Sky News report issued Saturday. The search for a new chair comes as BP navigates shareholder pressures and its continued energy transition strategy.
Potential Candidates for BP Chairmanship
While the exact stage and specifics of Laidlaw’s discussions with BP are still uncertain, the media outlet indicated his name is under consideration.
Other Candidates Considered
Ken MacKenzie, the former chair of mining giant BHP, has also been approached regarding the position, Sky News noted. BP has not issued a statement on the matter.
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Helge Lund’s Impending Departure
Lund’s re-election in April saw considerably diminished backing amid pushback from activist investor Elliott Management and disapproval from environmentally conscious shareholders, some of whom advocated against his reappointment.
Shareholder Dissatisfaction
- Approximately 25% of BP’s shareholders voted against Lund’s re-election during the annual general meeting.
- BP later revealed that Lund would be resigning, possibly in 2026.
Board member Amanda Blanc is currently leading the effort to identify and recruit Lund’s replacement, marking a pivotal moment for the future leadership of BP during this time of change for the energy concern.