Tuesday, BP p.l.c. (BP) announced that its Board has unanimously decided to remove Albert Manifold from the positions of Chair and Director with immediate effect.
This comes as the Board is disappointed to learn of governance oversight and conduct issues it deems unacceptable, forcing it to take action against Manifold.
In light of this decision, Board has appointed Ian Tyler as Interim Chair. Meanwhile, a succession process for a permanent Chair will be initiated.
In the pre-market hours, BP is trading at $41.99, down 5.30 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.