BP named a new board chair after activist shareholders pressured the company to move in a new direction. The London-based multinational that counts the BP Whiting Refinery as its largest refinery globally picked Albert Manifold to replace Helge Lund.

BP named Albert Manifold, the former boss of building materials producer CRH, as its new chairman on Monday, as it looks to address investor concerns about its strategy and weak share performance. Manifold,