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Insurance

Aviva boss given senior role on BP board

Aviva PLC (LSE:AV.) boss Amanda Blanc is going from strength to strength after it was announced she will be taking a senior board position at BP.

In the first boardroom shakeup at the oil giant, since CEO Bernard Looney left, Blanc will become a senior independent director.

Blanc was appointed to BP's board as a non-executive director in September 2022 and is a member of the group's governance and people committee.

The switch will take place at BP's AGM in April and will see Blanc replace Paula Reynolds, who exits after nine years on the board.

It comes a day after Insurer Aviva posted well-received full-year results that exceeded its operating profit target in 2023 with a 9% increase to £1.47 billion, up from £1.35 billion in 2022.

Chief executive Blanc used the strong results to tout the insurer’s successes while nixing lingering rumours of international takeover interest.

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