Hints and tips:
...Helge Lund, the chair of BP, has ruled himself out as the oil giant’s next chief executive, as he rushed to reassure shareholders it was “business as usual” following the abrupt departure of boss Bernard...
...He admitted at the time that he had not been “fully transparent” with the board, led by chair Helge Lund.Looney’s departure has rocked the 114-year-old British energy group, raising questions over the number...
...Five of the UK’s largest pension schemes, which together oversee £244bn in assets, will vote against the reappointment of BP’s chair Helge Lund in a growing revolt among key shareholders over the oil company...
...In the aftermath of Looney’s departure, chair Helge Lund favoured an internal hire, but 10 weeks later no preferred candidate has emerged, according to people with knowledge of the process....
...In a letter to shareholders accompanying the annual report on Friday, chair Helge Lund defended the board’s handling of Looney’s departure....
...Reports that BP will pick a successor from a shortlist that includes external candidates suggest a degree of complacency from chair Helge Lund....
...Chair Helge Lund has said that BP and Auchincloss remain committed to the plan....
...“The board is in complete agreement that Murray was the outstanding candidate and is the right leader for BP,” chair Helge Lund said in a statement on Wednesday....
...Had there been sufficient shareholder pressure to rethink its strategy, BP chair Helge Lund would have opted for someone other than Auchincloss, one of the architects of the current plan....
...Helge Lund, BG Group (353 days, 58 of which required work) Lund joined BG on February 9, 2015....
...The decision by BP chair Helge Lund and the board to hand Auchincloss the job on a permanent basis maintains the company’s tradition of never picking an outsider for the top job....
...Reports that BP will pick a successor from a shortlist that includes external candidates suggests a degree of complacency from chair Helge Lund....
...Bluebell, a London-based hedge fund that previously took on Danone and Glencore, wrote to BP chair Helge Lund in October shortly after acquiring a small stake in the London-listed energy major....
...BP chair Helge Lund has sought to steady the ship this week, reassuring investors in a series of emergency meetings that BP’s strategy and operations would be unaffected....
...BP’s board, led by chair Helge Lund, has launched a search for a permanent replacement for Looney....
...Looney stepped down abruptly in September after BP received allegations about his conduct, and he admitted he had not been “fully transparent” with the board, led by chair Helge Lund....
...The company’s chair, Helge Lund has told investors that he will not take the CEO job. The company is looking at internal and external candidates....
...Several UK pension schemes had promised to vote against the re-election of BP chair Helge Lund as a response to the weakened emissions targets, but some 90 per cent backed his reappointment....
...BP chair Helge Lund must feel that he is caught between a rock and a hard place....
...Giacomo Romeo, at Jefferies, said Helge Lund, BP’s chair, may also be in the mix as a former chief executive of Norway’s Statoil (now Equinor) and BG Group....
...Some British pension funds, led by Nest, are set to vote against the reappointment of chair Helge Lund....
...The £38.3bn Border to Coast also warned that it was prepared to vote against the reappointment of Shell chair Andrew Mackenzie and BP chair Helge Lund....
...One thing to start: Five of the UK’s largest pension schemes, including Nest and the Universities Superannuation Scheme, will vote against the reappointment of BP’s chair Helge Lund at its AGM on Thursday...
...Helge Lund, BP chair, described Russia’s invasion of Ukraine as an “act of aggression which is having tragic consequences across the region”....
...Helge Lund, BP’s chair, described Russia’s invasion of Ukraine as an “act of aggression which is having tragic consequences across the region”....
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