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.
41 Articles
41 Articles
Former BP President Albert Manifold met during his term with activist Elliott Management without informing the other members of the board directly, according to sources quoted by Reuters.
Refused a limousine, an airplane and was fired: there is a scandal in the European oil giant
Shareholders of the British oil giant BP dismissed the chairman of the board and director Albert Manifold. He was accused of inappropriate management and behavior. The dismissed man himself said that he began to reduce expenses within the company…
BP’s ousted chair to challenge accusations
BP’s ousted chair said he intends to challenge accusations against him. Albert Manifold was abruptly removed from his position at the top of the oil major’s board this week over what the company said were “serious concerns” related to “governance standards, oversight, and conduct.” Subsequent reporting in the Financial Times and elsewhere cited internal complaints about bullying-style behavior toward senior staff, and allegations that Manifold t…
‘I made my own coffee’: BP chair hints cost-cutting push led to his ouster as he hits back at ‘lies’
Albert Manifold, the ousted chairman of BP, is refusing to leave quietly, creating a headache for the British oil giant as it seeks to move on from the latest bout of leadership upheaval.
Coverage Details
Bias Distribution
- 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
