Market Chatter: BP Gives Amanda Blanc Second Chance to Lead Chair Search

MT Newswires Live06-02

BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported Monday.

Blanc will oversee a "rigorous" selection process on behalf of the board, the report said, citing Interim Chair Ian Tyler.

Some shareholders and market figures questioned whether Blanc should run a second chair search after Manifold left the role after about eight months, according to the report.

BP did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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