BP Appoints Former Shell CFO Simon Henry to Board September 2025
BP Appoints Former Shell CFO Simon Henry to Board September 2025

BP Appoints Former Shell CFO Simon Henry to Board September 2025

News summary

BP has appointed Simon Henry, former CFO of Shell, as a non-executive director effective September 1, 2025. Henry brings over 35 years of experience in the energy sector, including senior finance and management roles at Shell, where he oversaw major deals such as the $54 billion acquisition of BG Group. His appointment is part of BP’s strategy to strengthen its board amid pressure from hedge fund Elliott Management to focus more on fossil fuel production and cost-cutting, moving away from green investments. David Hager, another oil industry veteran, was also recently appointed to the board, while Pamela Daley is stepping down for personal reasons. BP’s leadership is undergoing changes, with outgoing chairman Helge Lund praising Henry’s financial and commercial expertise as the company navigates challenging market conditions and shareholder demands. The stock market reacted cautiously, reflecting concerns about energy sector volatility and BP’s strategic direction.

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