BP taps Amanda Blanc to steer next chair search amid investor caution
BP has again named Dame Amanda Blanc to lead the process for selecting its next chair, despite investor unease over her ability to steer the search in the wake of Albert Manifold’s abrupt exit as chair. Interim chair Ian Tyler said Blanc will oversee a rigorous, board-led search reflecting the collective view, even as some City figures urge her to recuse herself. Blanc previously chaired BP’s search that installed Manifold, who was removed after eight months amid concerns about his conduct; BP says the new process will be thorough and careful to win shareholder support. The row highlights ongoing governance tensions at the oil major.
