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BP Starts Chair Hunt, Blanc Leads Amid Investor Skepticism

6/2/2026

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Summary

Story summary

BP launched a new chair search led by senior independent director Amanda Blanc.
Interim chair Ian Tyler said Blanc will head the process to select BP’s next chair.
London investors warned Blanc may lack shareholder support after Albert Manifold’s dismissal, which sent BP’s share price down about 10%.
CEO Meg O’Neill, BP’s fifth since 2020, intends to refocus the company on oil and gas.

History

Historical Context

After the Deepwater Horizon blowout on 20 April 2010 killed 11 workers and led to a $20.8 billion settlement, BP’s share price fell 51% in 40 days and the board replaced CEO Tony Hayward with Bob Dudley. The 2010 governance overhaul now resurfaces in today’s chair search headed by independent director Amanda Blanc.

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Story summary

BP launched a new chair search led by senior independent director Amanda Blanc.
Interim chair Ian Tyler said Blanc will head the process to select BP’s next chair.
London investors warned Blanc may lack shareholder support after Albert Manifold’s dismissal, which sent BP’s share price down about 10%.
CEO Meg O’Neill, BP’s fifth since 2020, intends to refocus the company on oil and gas.

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