Chris Hughes, Columnist

FTSE 100 Succession Is a Drama Too Painful to Watch

The talent pool for UK blue-chip chairs is shrunk by regulation and cultural norms. Boards should just appoint the best person.

July 28, 2025 at 12:00 AM EDT

By Chris Hughes

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

Can’t look.
Photographer: Chris J Ratcliffe/Getty Images Europe

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In need of some distraction this holiday? Try a round of “Find the FTSE 100 Chair.” Like those aging board games in the back of the cupboard, some pieces are missing and the instructions are a pain. But it’s sure to suck you in.

Among those playing lately: Oil major BP Plc just had its fun, lender HSBC Holdings Plc is fully immersed, and insurer Prudential Plc is just getting started.