Oil major BP completes search for chair after boardroom upheaval
BP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.
TL;DR
- Ian Tyler has been formally appointed as the chair of BP.
- Tyler was previously the interim chair and joined the board in April last year.
- The appointment follows the surprise dismissal of former chair Albert Manifold.
- Manifold was dismissed after seven months due to "serious concerns" regarding governance, oversight, and conduct.
- Manifold disputes the accusations and claims he was removed without warning or explanation.
- This is the latest in a series of abrupt leadership changes at BP, including the resignation of CEO Bernard Looney in 2023.
- Dame Amanda Blanc, BP's senior independent director, will not stand for re-election in 2027.
- Current CEO Meg O'Neill is the fourth CEO in six years.