BP Initiates Search for New Chairman as Helge Lund Sets 2026 Departure

In a significant announcement, BP plc disclosed on Friday that its Board of Directors has started the search for a new chairman. This move comes after current Chairman Helge Lund communicated his intention to step down, marking the end of an era for the global energy giant.

A Smooth Transition Ahead
BP emphasized the importance of a seamless transition, stating, "The selected candidate will initially join the board to work alongside Helge, ensuring a smooth handover before assuming the chair role. Lund is expected to depart from the board in 2026."

Timing is Key
Reflecting on his decision, Lund mentioned, "Now is the right time to begin the succession process." His statement underscores BP's current focus on implementing its new strategy and enhancing shareholder value, setting the stage for the next chapter in the company's history.