BP's Leadership Shakeup: Chairman Ousted Amid Governance Concerns

BP has removed Chairman Albert Manifold due to governance oversight and conduct issues. Despite being appointed in October, Manifold faced low support and advocated for increased oil and gas investments. Ian Tyler is now interim chair while BP searches for a permanent replacement.

BP announced on Tuesday the immediate removal of Chairman Albert Manifold, citing 'unacceptable' governance oversight and conduct issues.

Manifold, who was appointed in October and experienced lower-than-usual support, had advocated for accelerating a return to oil and gas investments.

In the wake of his removal, BP has appointed Ian Tyler as interim chair while undertaking a search for a permanent replacement.