BP Ousts Chair Albert Manifold Amid Governance Concerns

BP has removed Chair Albert Manifold due to governance and conduct issues shortly after appointing him to lead a strategy revamp. This follows a series of leadership changes within the company, including the previous departures of CEOs Bernard Looney and Murray Auchincloss.

BP has announced the immediate removal of Chair Albert Manifold, citing governance oversight and conduct issues. His tenure was brief, as he was appointed to help manage a strategic revamp just months ago.

The company has faced a tumultuous period marked by scandals and leadership instability, starting with the dismissal of former CEO Bernard Looney for dishonest conduct. Manifold was overseeing the transition, including the appointment of Meg O'Neill as CEO to revive BP's focus on fossil fuels.

The board's decision to remove Manifold followed concerns about governance raised by stakeholders. His appointment had already received significantly lower approval from shareholders at BP's last annual general meeting, amid controversy over climate resolutions.