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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212 Articles
The British energy company BP does not come to rest. Once again a member of the head of the company is replaced. Above all, it is about violations against corporate governance. But the conflict about the orientation of the company still boils behind it.
Who Is Albert Manifold? BP Boss Fired After Boardroom Bullying Allegations Surface
BP plc, the London-headquartered oil and gas supermajor, removed its chairman, Albert Manifold, with immediate effect on 26 May. The company's board acted unanimously. The official stated reason: 'serious concerns' about governance, oversight, and conduct, including allegations of bullying behaviour. BP has spent the past two years trying to steady itself financially and strategically, narrowing its focus back toward oil and gas production after…
The British energy company is shocking the industry. With the abrupt casting out of the board of directors Albert Manifold, BP is once again in a management crisis that raises doubts about the company.
BP sacks its Chair over governance standards and conduct issues
Oil and gas media is reporting that oil giant BP has removed Chair Albert Manifold with immediate effect after the board cited serious concerns over governance standards, oversight, and conduct, appointing Ian Tyler as interim chair while it begins a search for a permanent replacement.
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