BP removes Chairman Albert Manifold, citing ‘oversight and conduct’ issues
BP said the board acted after unacceptable governance and conduct issues, and shares fell 4% as Ian Tyler became interim chair.
- On Tuesday, BP removed Chairman Albert Manifold with immediate effect, citing 'serious concerns' related to 'important governance standards, oversight, and conduct' issues; shares slumped 4% following the announcement.
- Manifold's tenure proved brief after joining BP as a non-executive director in September 2025 and receiving his chair appointment in October with lower-than-typical board support.
- Senior Independent Director Amanda Blanc said the board had been 'surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action,' reversing earlier praise of Manifold's 'strong track record'.
- Ian Tyler has been appointed interim chair with immediate effect while BP launches a search for a permanent replacement.
- The swift removal signals potential governance tensions within BP's leadership ranks, with Manifold's advocacy for accelerated oil and gas investment possibly creating friction with board expectations.
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Petroleum justifies the removal of Albert Manifold with unacceptable conduct. British press reports that manager was verbally aggressive in interacting with other company leaders.
The Independent (US)
Western Morning NewsBP’s latest scandal exposes serious mismanagement at heart of energy giant
Albert Manifold, who has been dismissed following ‘serious concerns’, is the latest member of senior personnel leaving the company abruptly over the past 20 years – and the shareholders don’t like it, writes Simon English
The British oil company surprises with a communication about a top man in the leadership days. The background remains unclear, it is about serious allegations.
BP board removes chair over ‘conduct issues’
BP announced on Tuesday that its chairman is out less than a year after his appointment, following “serious concerns” about his actions in the role. The major oil company’s board said in a statement released Tuesday that it “unanimously” made the decision to remove Albert Manifold from this role, citing issues with his “governance standards,…
British oil company BP has dismissed its president Albert Manifold on Tuesday, with immediate effect, alleging “unacceptable” oversight and conduct problems that he has not specified, less than a year after his appointment. The board of directors has decided to appoint Ian Tyler as interim president while deciding on Manifold’s replacement. Continue reading
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