BP's Chairman Carl-Henric Svanberg To Step Down

Carl-Henric Svanberg, BP Plc's (NYSE: BP) chairman who helped navigate the British company through the 2010 Deepwater Horizon oil spill, announced his intention to step down after nearly eight years in the post. BP rarely replaces both its chairman and CEO in close succession, so the decision means current CEO Bob Dudley, who also took office in 2010, is likely to remain in his position for some time yet, according to company sources. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in his position until a successor is in the post, the company said in a statement.
Source: Daily Dose of ShaleDirectories.com News

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