Elliott urges new BP chair to tackle operational underperformance
"Elliott believes the company requires decisive and effective leadership to overcome its chronic operational underperformance," a spokesperson for Elliott told Reuters in an emailed statement.
BP has slashed planned renewables spending in a major strategy shift aimed at boosting earnings and investor confidence, while its falling share price has fuelled takeover and break-up speculation.
Bloomberg News first reported Elliott's comments earlier on Monday.
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