BP's new charman to lead boardroom shakeup-report

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Sun Oct 25, 2009 3:47pm EDT

* Carl-Henric Svanberg to search for new non-executives

LONDON Oct 25 (Reuters) - BP's (BP.L) incoming chairman, the former Ericsson (ERICb.ST) boss Carl-Henric Svanberg, will lead a shake-up of the oil giant's boardroom when he takes over, The Sunday Times reported.

"From my point of view, that is not a negative. They probably held back a bit on changes because they were waiting for this change," Svanberg told the paper in an interview.

BP Deputy Chairman Ian Prosser and Erroll Davis, a non-executive board member, are expected to leave next year after more than a decade on the board, with DeAnne Julius exiting by 2011, the paper said.

The company is already looking for a replacement for Tom McKillop, who stepped down in April because of his involvement with the Royal Bank of Scotland (RBS.L). [ID:nL1567852]

(Reporting by Ben Deighton; Editing by Richard Chang)

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