Albert Manifold ousted as BP chair over governance and conduct concerns
Albert Manifold has been removed as chairman of BP after only eight months due to governance and conduct concerns. His departure follows a series of leadership changes at the company, including the recent firing of CEO Bernard Looney. BP's stock has fallen by more than 4 percent in response to the news of Manifold's ousting.
- ▪Albert Manifold was ousted as BP chairman effective immediately after eight months in the role.
- ▪The board raised serious concerns about governance standards and oversight related to Manifold's conduct.
- ▪BP's stock fell by over 4 percent in both US and UK markets following the announcement.
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Economy|Oil and GasAlbert Manifold ousted as BP chair over governance and conduct concernsBP stock falls by more than 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold’s ousting.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoManiford was removed after only about eight months on the job [File: Morgan Hancock/Getty Images]By ReutersPublished 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…
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