Brief

BP has abruptly removed its chairman, Albert Manifold, just months after his appointment, citing serious concerns over governance standards, oversight, and conduct. The board expressed disappointment with issues deemed unacceptable and has appointed Ian Tyler as interim chair while initiating a search for a permanent replacement. This leadership change occurs as BP, a major global oil producer, navigates financial challenges and a recent strategic shift back to its core operations after a prior focus on renewable energy. AI

BP has removed its board chair, Albert Manifold, due to serious concerns regarding governance standards, oversight, and conduct. This marks the latest leadership change for the energy company, which has seen its CEO and now board chair depart within the last six months. The company's senior independent director noted Manifold's contributions to BP's transformation but stated the board was disappointed by unacceptable issues. Ian Tyler has been appointed interim board chair. AI