politics
BP unanimously votes to remove Chairman Albert Manifold
BP said on Tuesday its board unanimously voted to remove chairman and director Albert Manifold after “serious concerns” were raised with the board about his conduct.
TL;DR
- Albert Manifold removed as chairman and director of BP.
- The decision was made unanimously by the board due to "serious concerns" about Manifold's conduct.
- Manifold was appointed less than a year ago during a period of leadership turmoil.
- Ian Tyler appointed as interim chairman.
- Succession process for a permanent chairman has begun.
- BP has experienced recent leadership changes, including former CEOs Bernard Looney and Murray Auchincloss.
- Past leadership issues involved undisclosed workplace relationships and concerns over the company's transition strategy away from oil and gas.