Oil giant BP ousts new chairman over ‘conduct’ and shares slide
May 26, 2026
UNDATED-AP- BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.” The departure was abrupt and unexpected, with Albert Manifold having been appointed to the position just last year. BP’s board named board member Ian
Tyler as interim chair on Tuesday (May 26, 2026), effective immediately. The company said that it will begin the process of finding a permanent chair. Manifold became chair in October. He succeeded Helge Lund. Manifold served as CEO of CRH plc from January 2014 until December 2024. BP, based in London, is a “supermajor,” one of the five largest oil production and exploration companies in the world by when measured by revenue and profit.
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