BP strategy chief Chierchia to leave in June after Elliott pressure

BP's strategy and sustainability chief Giulia Chierchia, the key architect of the group's ill-fated foray into renewables, will step down on June 1, the company said on Tuesday. Activist investor Elliott had demanded her exit alongside other structural changes at the company to improve accountability, according to a source. Chierchia will leave BP and her role will be abolished, the company said in an emailed statement accompanying its lower-than-expected first-quarter results.