BP ousts chairman over 'serious concerns' about governance
BP has removed Albert Manifold as chairman due to serious governance concerns. The board expressed disappointment over unacceptable oversight and conduct issues. Ian Tyler has been appointed as the interim chairman immediately following this decision.
- ▪BP cited serious concerns about governance, standards, oversight, and conduct as reasons for the removal.
- ▪Albert Manifold served as chairman for less than one year before his ousting.
- ▪Ian Tyler has been appointed as the interim chairman of BP.
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3D-printed oil pump jacks and the British Petroleum (BP) logo / Reuters-Yonhap British oil giant BP said Tuesday that it had removed Albert Manifold as chairman after less than one year in the role, citing "serious concerns" about governance, standards, oversight and conduct at the company."The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action," Amanda Blanc, a senior independent director at BP, said in a statement.The company said board member Ian Tyler has been appointed interim chairman with immediate effect.
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