Albert Manifold ousted as BP chair over governance and conduct concerns
Key takeaways
- BP stock falls by more than 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold’s ousting.
- Manifold’s departure comes amid a wave of leadership changes at the London-based energy giant.
- Three years ago, CEO Bernard Looney was fired after he lied about personal relationships with colleagues.
Why this matters: an international story with cross-border implications worth tracking.
BP stock falls by more than 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold’s ousting.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Maniford was removed after only about eight months on the job [File: Morgan Hancock/Getty Images]By Reuters Published On 26 May 202626 May 2026Albert Manifold is out as chairman of British Petroleum (BP), effective immediately after only eight months on the job.
His exit on Tuesday comes amid “serious concerns” that were raised to the oil and gas giant’s board about “important governance standards, oversight and conduct”, the company said in a statement, but did not elaborate on what those concerns entailed.