BP backs Amanda Blanc to lead second chair search, FT reports

BP has backed senior independent director Amanda Blanc to lead the search for a new chair for the second time in a year, according to the Financial Times. The report points to an ongoing board succession process rather than an operating or financial change. Market impact is likely limited, though it is relevant to BP's governance and leadership stability.

Analysis

BP has backed senior independent director Amanda Blanc to lead the search for a new chair for the second time in a year, according to the Financial Times. The report points to an ongoing board succession process rather than an operating or financial change. Market impact is likely limited, though it is relevant to BP's governance and leadership stability.