Carl-Henric Svanberg informed the BP Board of Directors of his intention to retire as chairman. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post. Ian Davis, the board senior independent director, will lead the process to identify and appoint the next chairman. Svanberg joined the board in 2009 and became chairman in January 2010.
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