US Top News and Analysis | BP's ousted chairman Albert Manifold disputes accusations over his conduct

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Former BP chairman Albert Manifold said he was removed “without warning and without explanation,” disputing the board’s characterization of his conduct. BP announced his dismissal after “serious concerns” about governance standards, oversight and conduct, noting that the company was “surprised and disappointed” by the issues. Manifold, who had led Irish building‑materials group CRH before joining BP and served only about seven months, claimed he had driven cost‑cutting, challenged excess and held the organization to higher standards, and he rejected the allegations of aggressive behavior toward colleagues. The news sent BP’s London‑listed shares down about 1.7 % on Wednesday morning.

Read more: https://www.cnbc.com/2026/05/27/bp-albert-manifold-chairman-energy-oil.html

#AlbertManifold #AmandaBlanc #BP #CRH #CNBC

Home - CBSNews.com | BP ousts recently appointed chair over "conduct issues"

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BP abruptly removed its chair, Albert Manifold, on Tuesday after the board identified “serious governance and conduct concerns,” ending his tenure less than a year after his appointment. The board voted unanimously to remove Manifold as both chair and director, with senior independent director Amanda Blanc describing the issues as “unacceptable.” BP named Ian Tyler—chair of Grafton Group and a BP board member since April 2025—as interim chair while it begins a search for a permanent replacement. Manifold, formerly the head of Dublin‑based CRH, had been hired to help steer BP amid a downturn; the company’s 2025 earnings fell 16% to $7.49 billion as Brent crude prices dropped nearly 17%, and its shares slid about 5% on the NYSE following the announcement.

Read more: https://www.cbsnews.com/news/bp-chair-albert-manifold-removed-governance-conduct-concerns/

#BP #AlbertManifold #AmandaBlanc #IanTyler #NYSE #MeganCerullo

News Headlines | BP ousts chairman Manifold in surprise move

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BP announced that chairman Albert Manifold has been removed with immediate effect after the board raised “serious concerns” about governance standards, oversight and conduct; the decision, made unanimously, follows his appointment only months earlier to steer a strategic shift back toward fossil fuels. Senior independent director Amanda Blanc, who oversaw Manifold’s appointment, said the board was “surprised and disappointed” by the unacceptable issues, and Ian Tyler has been named interim chair while a search for a permanent replacement begins. Shares fell up to 5% after the announcement.

Read more: https://www.rte.ie/news/business/2026/0526/1575328-bp-albert-manifold/

#BP #AlbertManifold #MegONeill #AmandaBlanc #IanTyler

News Headlines | BP ousts Chair Manifold in surprise move

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BP announced that it has removed Chair Albert Manifold with immediate effect, citing “serious concerns … related to important governance standards, oversight and conduct.” The board unanimously decided to end his tenure only months after he was appointed to help steer a strategy revamp that shifted BP’s focus back to fossil fuels in February 2025. In the same statement, BP noted that Meg O’Neill had been named its fifth CEO in six years at the end of last year, and senior independent director Amanda Blanc, who oversaw Manifold’s appointment, expressed disappointment over the undisclosed governance issues. A BP spokesperson declined to provide further details.

Read more: https://www.rte.ie/news/business/2026/0526/1575328-bp-chair/

#BP #AlbertManifold #MegONeill #AmandaBlanc #business

BBC News | BP chair removed over 'serious' conduct concerns

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BP has removed its chairman Albert Manifold after “serious concerns” about governance, oversight and conduct, a move that surprised and disappointed the board. Manifold, who joined BP as a non‑executive director in September 2025 and was appointed chair the following month, served less than a year before being replaced by interim chair Ian Tyler, causing BP shares to tumble 6%. The decision comes as BP reported a profit surge—$3.2 bn (£2.4 bn) for January‑March—driven by higher oil prices amid the Iran war, and the board said it will now search for a permanent chair while lauding chief executive Meg O'Neill’s strategic actions to simplify and strengthen the organisation.

Read more: https://www.bbc.com/news/articles/cjrppppwvwlo?at_medium=RSS&at_campaign=rss

#BP #AlbertManifold #AmandaBlanc #IanTyler #MegONeill #MegONeill

US Top News and Analysis | BP shares fall after ousting chairman Albert Manifold, citing 'oversight and conduct' issues

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BP’s shares slumped sharply after the board abruptly removed Chairman Albert Manifold, citing “serious concerns” over governance, oversight and conduct. Manifold, who had only become chair in October and had received unusually low support at the company’s recent annual general meeting, was praised for driving BP’s transformation but was deemed to have failed on governance standards. The sudden ousting, announced without detail, caused BP’s London‑listed stock to fall as much as 9% before narrowing to a loss of over 6%. Ian Tyler was appointed interim chair and a succession process for a permanent chair will begin, as BP refocuses on its core oil‑and‑gas business and stresses operational performance, financial discipline and shareholder value.

Read more: https://www.cnbc.com/2026/05/26/bp-chair-albert-manifold-removed-conduct-governance-issues.html

#BP #AlbertManifold #AmandaBlanc #IanTyler #BPboard

The Guardian | BP chair removed over ‘unacceptable’ governance oversight and conduct issues; UK petrol prices hit new Iran war high – business live by Graeme Wearden

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BP’s board abruptly removed chairman Albert Manifold, appointed just a year earlier, citing “serious concerns” over governance standards, oversight and conduct that were deemed unacceptable. The move followed a shareholder rebellion in which about 18 % voted against his re‑election and came as the company refocused on oil and gas after scaling back green spending. Interim chair senior independent director Ian Tyler was installed while a succession process begins, and he praised new CEO Meg O’Neill for swiftly simplifying the business. The shock announcement sent BP’s share price down more than 5 % after a brief 9 % plunge and a trading halt.

Read more: https://www.theguardian.com/business/live/2026/may/26/oil-price-bonds-rally-markets-us-iran-peace-deal-hopes-retail-inflation-growth-live-updates

#AlbertManifold #AmandaBlanc #IanTyler #MegONeill #BP