Albert Manifold has been removed as the chairman of British Petroleum (BP) with immediate effect, having served in the position for approximately eight months. The company stated that the decision followed "serious concerns" raised to the board concerning "important governance standards, oversight and conduct." BP did not provide specific details regarding these concerns. Ian Tyler, a current board member, has been appointed as interim chair. This leadership change occurs amidst a period of significant executive turnover at BP, including the previous dismissal of CEO Bernard Looney and the abrupt departure of his successor, Murray Auchincloss. The board's decision was unanimous, with senior independent director Amanda Blanc noting that the board was "surprised and disappointed" by the governance and conduct issues. Manifold, who had the backing of activist hedge fund Elliott, could not be immediately reached for comment.
Business · Energy
BP Ousts Chairman Albert Manifold Amid Governance and Conduct Concerns
Albert Manifold has been removed as BP chairman after just eight months due to serious concerns about governance standards, oversight, and conduct raised to the board.

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