BP has appointed oil industry veteran Dave Hager to its board, a move that underscores the company’s strategic shift to its core fossil fuel business.
Hager, with more than four decades of experience in the sector, is currently a non-executive director of US quoted infrastructure company MRC Global.
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The addition of Hager brings oil and gas expertise to a board that has been lacking in this area.
Prior to joining bp, Hager served in different roles at Devon Energy. He was the company’s executive chair from 2021 to 2023, president and CEO from 2015 to 2021, and EVP of exploration and production, starting in 2009.
Previously, he held roles at Kerr McGee, including COO and SVP of exploration and production, after starting his career as a geophysicist in 1979.
BP chairman Helge Lund said: “On behalf of the board, I am delighted to welcome Dave to bp. He brings deep-rooted knowledge of the US upstream oil and gas industry. His strategic focus combined with his experience in driving operational results and capital efficiency will be an asset to the board.”
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By GlobalDataIn April this year, Lund informed bp’s board of his intention to step down in due course.
BP has already started the search for a successor with the process being led by Dame Amanda Blanc in her capacity as senior independent director, with support from the wider board.
The successful candidate for the chair position will join the board and work alongside Lund to ensure a smooth transition before formally taking on the role. Lund will then step down from the board, expected during 2026.
Recent reports indicate that Shell is considering acquiring bp, with the decision hinging on the latter’s fluctuating stock value and oil price trends. This potential move by Shell could further reshape the oil and gas industry landscape.
