BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns
Summary
BP has removed its chair, Albert Manifold, due to serious issues with governance and conduct. He was chair for only eight months, and the company appointed Ian Tyler as interim chair immediately.Key Facts
- Albert Manifold was removed as BP chair because of serious concerns about governance and conduct.
- Manifold had been chair for eight months, starting October 2025.
- BP’s share price dropped by up to 9% after the announcement, then slightly recovered.
- Manifold had quickly replaced BP’s CEO Murray Auchincloss with Meg O’Neill in December.
- BP’s previous CEO, Bernard Looney, was forced out in 2023 for not disclosing relationships with colleagues.
- Looney lost £32 million in pay and shares after the board said he had misled them.
- Ian Tyler, a BP board member and former CEO of Balfour Beatty, is now interim BP chair.
- Manifold was hired to refocus BP’s strategy on fossil fuel extraction rather than renewables.
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