BP backs Amanda Blanc to lead search for new chair despite investor concerns
Summary
BP has chosen Dame Amanda Blanc to lead the search for its next chair again, despite some investors questioning her role after the last chair left suddenly. The company says the search will be thorough and a group decision by the board.Key Facts
- Amanda Blanc is a senior independent director at BP and CEO of the insurance company Aviva.
- Blanc led BP’s last chair search in 2025, which resulted in Albert Manifold becoming chair in October.
- Manifold was removed as chair after eight months due to board concerns about his behavior and leadership style.
- Some investors have doubts about Blanc leading the new chair search again.
- BP’s interim chair Ian Tyler confirmed Blanc would lead the search process requested by the board.
- Manifold accused BP of firing him without warning or explanation and denied the claims about his conduct.
- BP’s chief executive, Murray Auchincloss, was removed by Manifold during his short tenure; Auchincloss had replaced Bernard Looney, who resigned over undisclosed relationships.
- Manifold faced investor opposition at his first meeting as chair after blocking a shareholder environmental proposal.
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