- Bernard Looney resigned from BP amid allegations of governance issues and personal relationships, following the Deepwater Horizon disaster.
- Leadership changes at BP have led to the ousting of the board chair, causing a decline in market share.
BP Ousts Chairman Albert Manifold Amid Governance Concerns
- Reports
- 17
- Developments
- 3
- Repetition
- 82%
New informationRepeats or wire copies
What happened
BP removed Albert Manifold as chairman on Tuesday, citing serious concerns related to governance standards, oversight, and conduct. Manifold, who had previously served as the top executive at CRH, stated he was removed without warning and disputed the characterization of his conduct. The board of BP was unanimous in the decision, and Ian Tyler was named interim chair.
Why it matters
The removal of the chairman adds to recent leadership changes at BP, which has been criticized as creating uncertainty during a period of radical restructuring. Following the announcement, BP's shares fell 4 per cent.
Leadership changes at BP have led to the ousting of the board chair, causing a decline in market share. Bernard Looney resigned from BP amid allegations of governance issues and personal relationships, following the Deepwater Horizon disaster.
From irishtimes.com
Who's involved
- Albert ManifoldOusted chairman of BP, previously top executive at CRH.
- BPBritish multinational oil and gas company that removed its chairman.
- CRHCompany where Albert Manifold served as top executive for over a decade.
- Helge LundFormer chairman of BP, who was succeeded by Albert Manifold.
How it developed
Newest first. Tap a step to see who reported it.Manifold takes over BP chair from Auchincloss and Lund, following his time at CRH.1 source
Manifold's background details confirm his transition from CRH to BP.1 source
Details of Albert Manifold's career transition from CRH to BP leadership.1 source
Keep exploring
Part of
Leadership changes at BP have led to the ousting of the board chair, causing a decline in market share.Also in this story
- Amanda Blanc has been appointed as the permanent Chair of BP PLC, following the ousting of the previous board chair.
- Albert Manifold was removed by the board due to governance concerns on June 12, 2026.
The entities involved
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ExxonMobil
American multinational oil and gas corporation
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Albert Manifold
Irish businessman
Nothing else this week.
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CRH
company
Related events
Coverage
Newest first; wire copies grouped- theguardian.com
- arkansasonline.com
- irishtimes.com
- chicagotribune.com
- mymotherlode.com
- wcbi.com
- kob.com
- ktbb.com
- abcnews.com
- washingtonexaminer.com
- theglobeandmail.com
- clickorlando.com
- wptf.com
- hometownstations.com
- jowhar.com
- GuruFocus.comBP Names CRH's Albert Manifold as New Chairman Amid Turnaround Push BP (BP, Financials) said Monday it has appointed Albert Manifold as its next chairman, tapping the former CRH (CRH, Financials) chi