BP names former building materials boss Albert Manifold as new chair
BP PLC on Monday said it has appointed former CRH PLC chief executive Albert Manifold as its next chair, succeeding Helge Lund after a seven-year tenure.
Manifold will join the London-based energy company’s board as a non-executive director and chair-elect on September 1 and formally take over as chair on October 1, at which point Lund will step down from the board.
Manifold served as chief executive of Dublin-based building materials supplier CRH from 2014 until December 2024. BP said he was selected for his strong track record in strategic leadership, operational delivery, and shareholder value creation.
‘It is an honour to be appointed chair of one of the world’s great energy companies, and to have the opportunity to help the company reach its full potential,’ Manifold said. ‘BP has a vital role to play in addressing the world’s growing energy needs.’
BP Senior Independent Director Amanda Blanc, who led the succession process, said: ‘Albert has a relentless focus on performance which is well suited to BP’s needs now and into the future.’
She thanked Lund for his ‘invaluable’ leadership through a period of ‘immense change.’
Manifold also holds non-executive roles at US-listed chemicals group LyondellBasell Industries NV and engineering firm Mercury Engineering Unlimited Co. He remains an adviser to the board of CRH and private equity firm Clayton Dubilier & Rice LLC.
BP shares were 0.2% higher at 401.59 in London during early trading on Monday.
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