BP p.l.c. announced significant additions and changes to its board of directors, effective June 2, 2025. The energy major welcomes David Hager as a new non-executive director, a strategic move aimed at leveraging his extensive knowledge of the US upstream oil and gas sector. Alongside this key appointment, BP also confirmed further committee roles for recently appointed non-executive director Ian Tyler and nominated Satish Pai to lead the Safety and Sustainability Committee in anticipation of a planned retirement.
Helge Lund, chair of bp, expressed the board's enthusiasm for the new addition: "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."
David Hager brings over 40 years of profound experience in the oil and gas industry. His distinguished career includes serving as executive chair of Devon Energy from 2021 to 2023, following a tenure as president and CEO from 2015 to 2021. Prior to these leadership roles, he held the position of executive vice president of exploration and production at Devon since 2009. Before joining Devon, Hager spent a decade at Kerr McGee, where he held key positions including chief operating officer and senior vice president of exploration and production. He commenced his career in the industry in 1979 as a geophysicist. Currently, David Hager also serves as a non-executive director for MRC Global Inc., a US-quoted infrastructure company.
In parallel with Hager's appointment, BP is also making adjustments to its committee structures:
Audit Committee
In line with UK Listing Rule 6.4.6R, Ian Tyler, who joined the board as a non-executive director on April 1, 2025, and was subsequently appointed chair of the remuneration committee on April 17, 2025, has now also been appointed as a member of the Audit Committee, effective June 2, 2025. This addition further strengthens the oversight capabilities of a crucial board committee.
Safety and Sustainability Committee
Anticipating the planned retirement of non-executive director Melody Meyer from the board at the 2026 Annual General Meeting, upon the conclusion of her nine-year term, Satish Pai, another non-executive director, has been nominated to succeed Ms. Meyer as chair of the Safety & Sustainability Committee. The specific effective date of his appointment to this leadership role will be communicated through a separate announcement at a later stage. This forward-looking nomination ensures a smooth transition and continued strong leadership for a committee vital to BP's strategic priorities.
These appointments reflect BP's ongoing commitment to robust governance and strategic expertise as it navigates the complexities of the global energy landscape.