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Global Business News

The Economic Times

Global Business / The Economic Times

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BP ousts Chair Albert Manifold in surprise move, citing unnamed governance issues

BP has removed its Chair, Albert Manifold, with immediate effect. The company cited serious concerns regarding governance oversight and conduct. This decision comes just months after Manifold's appointment to help steer a strategy revamp. BP also recently appointed Meg O'Neill as its fifth CEO in six years. The board unanimously decided Manifold should no longer serve as chair and director.

26 May 2026 5:51 pm