BP's new chairman to lead boardroom shakeup: report

Carl-Henric Svanberg attends a question-and-answer session at Ericsson's new Silicon Valley campus in Santa Clara, California, August 11, 2009. REUTERS/Robert Galbraith

Carl-Henric Svanberg attends a question-and-answer session at Ericsson's new Silicon Valley campus in Santa Clara, California, August 11, 2009.

Credit: Reuters/Robert Galbraith

LONDON | Sun Oct 25, 2009 3:52pm EDT

LONDON (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).

(Reporting by Ben Deighton; Editing by Richard Chang)

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