BP Shares Slump After Its Board Removes Chairman Albert Manifold
BP's shares fell sharply after the board removed chairman Albert Manifold due to serious governance concerns. The company's stock dropped as much as 9% before partially recovering. Ian Tyler has been appointed as the interim chairman as BP continues to navigate leadership changes and focus on its core operations.
- ▪BP shares slumped by as much as 9% following the removal of chairman Albert Manifold.
- ▪The board cited serious governance concerns as the reason for Manifold's immediate departure.
- ▪Ian Tyler has been appointed as the interim chairman to lead the company during this transition.
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Today’s StocksMoneyMarketsBP Shares Slump After Its Board Removes Chairman Albert ManifoldByGaurav Sharma,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Gaurav Sharma is a London-based analyst who covers energy & ESG.Follow AuthorMay 26, 2026, 09:18am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.BP logo at a petrol station in Taunton, Somerset, UK. (Photo: Anna Barclay)Getty ImagesShares in BP (LON: BP) slumped on Tuesday after the energy giant announced its board had removed chairman Albert Manifold in a shock move. Following the announcement, BP shares plummeted by as much as 9% during early trading in London before mounting a partial recovery.
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