‘Unacceptable’: BP chair fired over ‘serious concerns’ over conduct
BP has fired its chairman, Albert Manifold, just months into his tenure due to serious concerns regarding governance and conduct. This decision follows a turbulent period for the company, which has seen multiple leadership changes in recent years. The board expressed disappointment over the issues leading to Manifold's removal, raising questions about the company's strategic direction.
- ▪Albert Manifold was removed as BP chairman due to serious governance concerns.
- ▪This marks another leadership change for BP, which has had three CEOs in three years.
- ▪The company's shares fell 4 percent following the announcement of Manifold's firing.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.