BP Removes Chair Albert Manifold Over Governance And Conduct Concerns
BP's board unanimously voted on May 26, 2026, to remove Albert Manifold as chair and director, effective immediately, citing serious governance oversight and conduct concerns it called unacceptable.[1]
Director Ian Tyler was appointed interim chair while BP begins a search for a permanent replacement.[1] BP said it would not disclose further details about the conduct or oversight issues.[1]
BP's 2025 earnings fell 16% year over year to $7.49 billion as Brent crude prices dropped nearly 17%.[1] BP's shares declined about 5% on the New York Stock Exchange after the announcement.[1]
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📌 Key Facts
- On May 26, 2026, BP’s board unanimously voted to remove Albert Manifold as chair and director, effective immediately.
- BP cited serious governance oversight and conduct issues it deemed unacceptable; specific details were not disclosed.
- Director Ian Tyler was appointed interim chair while BP begins a search for a permanent replacement.
- BP’s 2025 earnings fell 16% year over year to $7.49 billion as Brent crude prices dropped nearly 17%.
- BP’s shares declined about 5% on the NYSE on May 26, 2026, after the announcement.
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May 26, 2026