BP removes board chair, citing "conduct" concerns
Summary
BP removed its board chair, Albert Manifold, due to serious concerns about how he handled company rules and oversight. This comes after BP lost its CEO earlier this year, highlighting ongoing leadership changes during the company’s business changes.Key Facts
- Albert Manifold was removed as BP’s board chair for issues related to governance and conduct.
- Manifold had been chair since October.
- BP appointed a new CEO, Meg O’Neill, in December, who took over in April.
- The previous CEO, Murray Auchincloss, resigned after about two years in the role.
- Before Auchincloss, Bernard Looney left suddenly amid an investigation into his personal relationships at BP.
- BP has shifted focus back to oil and gas, stepping away from its earlier aggressive climate goals.
- Amanda Blanc, BP’s senior independent director, said the board was surprised and disappointed by Manifold’s conduct.
- Ian Tyler was named interim board chair while BP searches for a permanent replacement.
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