Elliott pressures BP to replace strategic leader and split core business.

According to the Zhitong Finance and Economics APP, it has been revealed by informed sources that the Elliott Investment Management Corporation, a radical investment institution, is pushing for a major organizational change at BP.US, including replacing strategic director Giulia Chierchia and dividing the upstream oil and gas extraction and downstream refining and sales businesses into separate departments. This is aimed at strengthening management accountability and breaking away from the mixed operating model established during former CEO Bernard Looney's tenure.