BP ousts chairman Albert Manifold over governance issues, shares drop 10%
BP has removed chairman Albert Manifold after less than eight months due to governance issues, including allegations of bullying. The company's shares dropped by 10% following the announcement of his ousting. Ian Tyler has been appointed as the interim chair while BP seeks permanent leadership amidst a major restructuring effort.
- ▪BP's board unanimously voted to remove Chairman Albert Manifold on May 26.
- ▪Manifold's tenure lasted less than eight months, having been appointed in late October 2025.
- ▪The board expressed surprise and disappointment over the conduct issues leading to his removal.
- ▪BP's shares fell by as much as 10% following the announcement.
- ▪Ian Tyler has been named interim chair as BP navigates a major restructuring agenda.
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BP ousts chairman Albert Manifold over governance issues, shares drop 10% The energy giant's board unanimously removed its chairman after less than eight months, citing bullying allegations and mishandling of company information. Share Add us on Google by Editorial Team May. 27, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); BP’s board of directors unanimously voted to remove Chairman Albert Manifold on May 26, citing serious…
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