BP removes chair Albert Manifold over governance concerns

BP has removed its chair, Albert Manifold, with immediate effect, citing unspecified governance oversight and conduct issues, in a surprise decision just months after his appointment.

The energy major said its board had unanimously concluded that Manifold should no longer serve as chair or director, Caliber.Az reports via British media.

“This follows serious concerns raised to the board related to important governance standards, oversight and conduct,” BP said.

“Albert has helped bring a welcome focus and pace to BP's transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action,” said senior independent director Amanda Blanc, who oversaw Manifold’s appointment in October.

By Aghakazim Guliyev