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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.

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

Oil giant BP ousts recently appointed chair over governance concerns and "conduct issues"

The board upheaval comes less than a year after BP appointed Albert Manifold to the role.