BP Chairman Carl Henric-Svanberg to Retire

By Adam Clark Features Dow Jones Newswires

BP PLC (BP.LN) said Thursday that its chairman, Carl-Henric Svanberg, intends to retire.

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The oil company said Mr. Svanberg will chair BP's annual general meeting in May 2018, and remain in position until a successor is appointed. Mr. Svanberg became chairman in January 2010.

Shares are up 3.10 pence, or 0.6%, at 491.10 pence at 1440 GMT.

Write to Adam Clark at adam.clark@dowjones.com

(END) Dow Jones Newswires

October 19, 2017 11:01 ET (15:01 GMT)