BP appoints new chair after contentious ousting of Albert Manifold in May
Summary
BP has permanently appointed Ian Tyler as its new chair after removing Albert Manifold in May over concerns about his behavior and governance. Tyler, who was interim chair and has board experience, will help guide BP’s shift back towards fossil fuel production and oversee company strategy.Key Facts
- Ian Tyler was named permanent chair of BP immediately after serving as interim chair.
- Albert Manifold was removed as BP chair in late May after just eight months for governance and conduct issues.
- Amanda Blanc, BP’s senior independent director, led the search for the new chair and will step down next year.
- Manifold was criticized for treating the chair role like an executive position and reportedly belittling colleagues.
- Tyler has prior leadership roles at several companies, including Balfour Beatty and Anglo American.
- BP is focusing on fossil fuels again and reducing investments in renewable energy.
- BP CEO Meg O’Neill encouraged use of UK oil and gas, even as BP plans to sell its North Sea business.
- BP recently posted its highest quarterly profits since early in the Russia-Ukraine war, helped by oil and gas price rises.
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