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BP PLC on Tuesday announced the immediate removal of Albert Manifold as chair and director. The London-based oil major cited ‘serious concerns raised to the board related to important governance standards, oversight and conduct.’ Senior Independent Director Amanda Blanc said: ‘Albert has helped bring a welcome focus and pace to bp’s transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.’ Manifold became chair of BP in October, after joining the board in September. Between 2014 and 2024, he served as chief executive of Dublin-based building materials provider CRH PLC. BP said it has appointed Director Ian Tyler as interim chair, effective immediately. Tyler is also chair of FTSE 250-listed Dublin-based building materials distributor Grafton Group PLC. BP added that a succession process for a permanent chair will be initiated. Interim Chair Tyler said: ‘The board and leadership team have deep conviction in the strategic direction we have laid out, and the company is moving at pace to deliver it. bp is building a track record of strong underlying operational performance and a tight focus on financial discipline - all in the pursuit of growing shareholder value and returns.’ He added: ‘The board has been very impressed with Meg O’Neill since she joined as CEO. She has extensive industry and operational experience and real clarity about the direction and opportunity for the business. She has already taken bold action to simplify and strengthen the organization such as announcing the move to a clearly defined upstream/downstream model. Under her leadership we are building a simpler, stronger, more valuable bp.’ BP shares fell 4.9% to 524.20 pence each on Tuesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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