BP to Expand Board to Help Deliver Strategy Reset, FT Says, Citing Sources

Dow Jones

Mar 04, 2025

--BP plans to hire two more directors to help deliver its reset oil-and-gas-focused strategy, the Financial Times reported, citing people familiar with the plan.

--Under the plan, the board will increase to 13 people from 11, and include a new director focused on oil and gas and another to oversee the remuneration committee, the FT reported.

--The British oil major's plan to expand its board pre-empts any public calls from activist investor Elliott Management and no board members are expected to step down as part of the changes, the report said.

--BP declined to comment, the FT said.

Full story: https://shorturl.at/79D6T

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 04, 2025 02:46 ET (07:46 GMT)

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