Kate Mackenzie BP: And the winner is…

After a long and difficult search, BP has named the man who will succeed Peter Sutherland as chairman:

BP said on Thursday that it had appointed Carl-Henric Svanberg, chief executive of Swedish telecoms equipment maker Ericsson, to take the place of Peter Sutherland as chairman of the UK oil major.

The decision ends a long search process.

Mr Svanberg will join the BP board as a non-executive director and chairman designate on September 1 before taking up his role fully on January 1 2010, the company said in a statement.

The FT’s telecoms editor, Andrew Parker, talks a bit about Svanberg in this video:

Related links:

BP names Svanberg as chairman (FT, 25/06/09)
More trouble for BP’s board, courtesy of RBS
(FT Energy Source, 07/04/09)