BP announced Tuesday the dismissal of its chairman, Albert Manifold, who had held the position for less than a year. The company cited "serious concerns" regarding "governance standards, oversight and conduct" as the reason for the unanimous board decision. BP declined to provide specific details about the alleged failings. Ian Tyler has been appointed as interim chairman while BP initiates a search for a permanent successor. The company's shares experienced a decline following the announcement.
Business · Energy
BP Ousts Chairman Albert Manifold Amid Governance and Conduct Concerns
Energy giant BP has abruptly dismissed its chairman, Albert Manifold, after less than a year in the position due to serious concerns regarding governance standards, oversight, and conduct.

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