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BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns

Key Points

BP has removed its chair, Albert Manifold, following serious concerns raised by the board regarding governance, oversight, and conduct. The FTSE 100 company announced his immediate departure on Tuesday, noting that he had served in the role for only eight months.

Oil company is FTSE’s biggest faller as chair departs immediately after only eight months in the role

BP has removed its chair, Albert Manifold, with the oil company’s board saying it had “serious concerns about “important governance standards, oversight and conduct”.

The FTSE 100 company announced Manifold’s departure with immediate effect on Tuesday, without giving further details. He lasted only eight months in the role.

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Originally published by The Guardian UK Read original →