Land Securities Chair Carnwath To Replace Anderson On BP Board

29th Mar 2018 13:22

LONDON (Alliance News) - BP PLC said Thursday that Paul Anderson will retire from the board as non-executive director and will be replaced by Land Securities Group PLC Chair Alison Carnwath at the BP annual general meeting in May.

British born Carnwath is the chair of Land Securities and also chair of UK private equity firm Livingbridge. She is a non-executive director of Zurich Insurance Group Ltd and Paccar Inc. She is also a senior advisor to Evercore Partners Inc.

Earlier this month, Land Securities said Carnwath will retire from Land Securities in 2018. Land Securities did not give any details as to exactly when she will leave. Carnwath has been chair of the FTSE 100-listed property developer for nine years.

The company said it has been undertaking a search for a new chairman, and Carnwath will continue in her role until a replacement is found.

Shares in BP were trading up 1.3% Thursday midday at 477.50 pence each.

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