(Reuters) -BP named Albert Manifold as its new chairman on Monday, succeeding Helge Lund.

Manifold will take over as chair on October 1.

Norwegian national Lund, 62, was re-elected in April with sharply reduced support amid pressure from activist investor Elliott Management and criticism from climate-focused shareholders.

BP had said in April that Lund intends to exit the firm "likely" in 2026.