Activist investor Elliott wants BP to change strategy chief and structure
ReutersApr 25, 2025 12:09 PM
LONDON, April 25 (Reuters) - Activist investor Elliott Investment Management wants oil major BP BP.L to replace its strategy chief and change its structure to separate upstream and downstream units to aid accountability, a source familiar with the situation said on Friday.
Elliott holds a stake of a little more than 5% in BP, the strategy, sustainability and ventures arm of which is led by Giulia Chierchia, a key architect of the company's ill-fated focus on renewables under previous CEO Bernard Looney.
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