BP ousts recently appointed chair over "conduct issues"
BP has removed its recently appointed chair, Albert Manifold, due to serious governance and conduct concerns. The decision was made unanimously by the board, which expressed surprise and disappointment over the issues. Ian Tyler will serve as the interim chair while BP searches for a permanent replacement.
- ▪Albert Manifold was ousted as chair of BP less than a year after his appointment.
- ▪The board cited serious governance and conduct concerns as the reasons for his removal.
- ▪BP's earnings dropped 16% in 2025, prompting the need for new leadership.
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MoneyWatch Oil giant BP ousts recently appointed chair over governance concerns and "conduct issues" .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 26, 2026 / 3:48 PM EDT / CBS News Add CBS News on Google Oil giant BP on Tuesday removed Chair Albert Manifold after identifying what it called serious governance and conduct concerns, abruptly ousting the executive less than a year after appointing him to lead the board.The board…
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