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Norway wealth fund backs reappointment of BP chair

Sat, 20th Apr 2024 08:03

OSLO, April 20 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it would vote in favour of the reappointment of BP's current chair to the company's board of directors.

Ahead of its annual meeting on April 25, BP has proposed the reappointment of Chair Helge Lund to the board, which last year dismissed former CEO Bernard Looney. (Reporting by Greta Rosen Fondahn, editing by Terje Solsvik)

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