New BP chairman from... Ericsson?

In surprise selection, BP picks Ericsson CEO Carl-Henric Svanberg to be its new chairman. BP had a hard time filling the post and I don't think many people saw this coming (Svanberg has lots of emerging markets and govenrment interaction experience, but none in the oil industry), but it is not the first time a European supermajor has looked to telecom for new direction. It will be interesting to see what Svanberg can bring to the table that outweighs his lack of experience in the resources sector.

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