BP board removes chair over 'conduct issues'
Key takeaways
- The major oil company s board said in a statement released Tuesday that it unanimously made the decision to remove Albert Manifold from this role, citing issues with his governance standards, oversight and conduct.
- Albert has helped bring a welcome focus and pace to BP s transformation, said the company s Senior Independent Director Amanda Blanc.
- The board did not share what these concerns were in its Tuesday statement, and a company spokesperson told The Hill there were no additional details to share at this time.
Why this matters: political developments that affect policy direction and public trust.
The major oil company s board said in a statement released Tuesday that it unanimously made the decision to remove Albert Manifold from this role, citing issues with his governance standards, oversight and conduct.
Albert has helped bring a welcome focus and pace to BP s transformation, said the company s Senior Independent Director Amanda Blanc. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.
The board did not share what these concerns were in its Tuesday statement, and a company spokesperson told The Hill there were no additional details to share at this time.