BP Chair Ousted Amid Controversy: Albert Manifold Speaks Out

Albert Manifold, the recently ousted chair of BP, has contested the rationale behind his removal, calling it a 'false narrative.' The company's board cited concerns over his governance standards, leading to a sharp decline in BP's share price. Manifold insists he was removed without warning or explanation.

Albert Manifold, the chair ousted from BP, has spoken out against what he terms a 'false narrative' regarding his dismissal from the British oil giant. Bloomberg News, on Tuesday, highlighted a statement from Manifold where he firmly rejected the board’s portrayal of his conduct.

The BP board, on Tuesday, expressed significant concerns about Manifold’s governance standards, oversight, and conduct, which consequently led to a 10% drop in the company’s share price. His removal marks a critical moment in BP's leadership dynamics.

In a direct response, Manifold has stated he was removed abruptly, without any warning or explanation. 'I dispute entirely the characterization of my conduct and will not allow a false narrative to go unchallenged,' Manifold declared, as cited by Bloomberg News.