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BP chair removed over 'serious' conduct concerns
Oil giant BP has removed its chairman Albert Manifold—who had held the position for less than a year—over serious concerns related to governance standards, oversight, and conduct. Senior independent director Amanda Blanc stated the board took decisive action, appointing Ian Tyler as interim chair immediately; BP's shares slumped 4% following the news, which comes after the company reported a doubling in Q1 2026 profits to $3.2bn, driven by surging oil prices amid the Iran war and strong performance in its oil trading business.
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46- First seen
- May 26, 2026, 7:56 PM
- Last updated
- May 26, 2026, 8:04 PM
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BP chair removed over 'serious' conduct concerns
May 26, 2026, 7:56 PM