BP (BP) Continues Chair Search Amid City Concerns

AI Summary

BP's (BP) senior independent director is leading the search for a new chair after the recent appointment of Albert Manifold was short-lived. This decision comes amid reported unease in the City regarding the leadership structure at the company. The ongoing chair search signifies BP's efforts to stabilize governance and may impact investor confidence. Clarifying the company's strategic direction could influence market perception and stock performance as it seeks a suitable candidate.