BP PLC

•Early in 2024, the committee recommended

the appointment of Kate Thomson as CFO for

approval by the board. Kate is bp’s first

female CFO. Dame Amanda Blanc was also

appointed as SID, meaning that 50% of senior

positions on bp’s board are now represented

by women, and as a whole the board has 55%

female representation– this aligns withour

board diversity, equity and inclusion (DE&I)

policy aspiration towards gender parity on

theboard.

•The committee proposed amendments to the

board DE&I policy to better inform the board

and committee's approach to succession

planning, recognising the benefits of diversity

to decision-making and outcomes.

•The board DE&I policy applies to the board

a The committee engaged Heidrick & Struggles, Korn Ferry, Spencer Stuart, Egon Zehnder and MWM Consulting in support of search activity for new board candidates. None of the search agents

have any connection with the company or individual directors, save that Spencer Stuart supports on executive recruitment and Egon Zehnder provides advice and support on bp’s executive

development programme.

b There is no connection between Independent Board Evaluation and eitherbp or the individual directors.

a The committee engaged Heidrick & Struggles, Korn Ferry, Spencer Stuart, Egon Zehnder and MWM Consulting in support of search activity for new board candidates. None of the search agents

have any connection with the company or individual directors, save that Spencer Stuart supports on executive recruitment and Egon Zehnder provides advice and support on bp’s executive

development programme.

b There is no connection between Independent Board Evaluation and eitherbp or the individual directors.

and its committees, and complements bp’s

wider diversity policies, the group’s values,

code of conduct and sustainability frame.

It includes board gender and ethnicity

representation targets aligned with the UK

Listing Rules and a commitment by directors

to increase their understanding of all aspects

of diversity, equity and inclusion. Read more

atbp.com/governance.