Ousted BP chair Albert Manifold rejects ‘lies’ over his conduct
BP said governance, oversight and conduct concerns drove the removal, while Albert Manifold denied the allegations and said he will challenge them.
- On Tuesday, the BP board unanimously removed Chair Albert Manifold, citing "serious concerns" regarding governance standards and conduct, appointing director Ian Tyler as interim chairman.
- Whistleblower complaints reportedly alleged Manifold displayed a "shouty" management style and bullied colleagues during his eight-month tenure, prompting the board's swift action.
- Manifold disputes the allegations entirely, stating he was removed "without warning and without explanation" and promising to contest the board's characterization as a "false narrative."
- BP shares fell 4% on Tuesday following the announcement, reflecting investor unease while consolidating authority under CEO Meg O'Neill, whom Manifold hired last year.
- This ouster marks the third chair and third CEO replaced in under three years, fueling criticism BP has become "ungovernable," with climate activist Mark van Baal of Follow This urging governance reform.
15 Articles
15 Articles
Bossy BP chair’s sudden ouster over alleged bullying: ‘Impossible to work with’
BP’s abrupt ouster of Chairman Albert Manifold this week – the latest in a series of scandalous departures from the oil major – followed “multiple” whistleblower complaints about his “bullying” of colleagues, according to a report.
Ousted BP Chairman Albert Manifold Rejects Accusations over His Conduct: Report
Get latest articles and stories on Business at LatestLY. The Board was apparently miffed with allegations surfacing over governance, oversight and conduct against Manifold, who had been in the chairman's position only for seven months. Business News | Ousted BP Chairman Albert Manifold Rejects Accusations over His Conduct: Report.
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