BP Appoints New Chairman as Investors Push for Strategic Clarity

BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold will join BP as chair-elect on September 1 and take over from Helge Lund on October 1, the company said in a press release on Monday. The leadership transition follows a period of sustained criticism from shareholders frustrated by BP’s wavering energy transition roadmap and perceived underperformance relative to rivals. Manifold, 62, brings a track record…