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BP's Chairman to step down

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LNG Industry,

Reuters reports that BP’s Chairman Carl-Henric Svanberg, who helped navigate the British company through the 2010 Deepwater Horizon oil spill, has announced his intention to step down after nearly eight years in the post.

Svanberg will chair the annual general meeting to be held in May 2018 and will remain in his position until a successor is in post, the company said in a statement.

The board’s senior independent director Ian Davis will lead the process to identify and appoint BP’s next chairman.

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