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BP (BP) Ousted Chairman Albert Manifold Rejects Conduct Allegations

Published on 5/28/2026

#BP#M&A#Governance
BP (BP) Ousted Chairman Albert Manifold Rejects Conduct Allegations

AI Summary

Albert Manifold was removed as chairman of BP (BP) due to 'serious concerns' over governance, oversight, and conduct. His tenure lasted about eight months, during which he stated he prioritized simplifying the business and strengthening the balance sheet. Despite the dismissal, BP's spokesperson referred to the board's earlier announcement. Following his removal, BP shares increased by 0.2%. Ian Tyler has been appointed as interim chair as the company undergoes a strategic reset led by CEO Meg O'Neill focused on pivoting back to oil and gas from renewables.

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