BP Removes Chairman Manifold Over ‘Oversight And Conduct Issues’

BreakingBusinessBP Removes Chairman Manifold Over ‘Oversight And Conduct Issues’ByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 26, 2026, 08:23am EDTToplineBP announced on Tuesday the removal of chair Albert Manifold, citing concerns about “oversight and conduct” just eight months into Manifold’s tenure in the latest instance of leadership turmoil for the British oil firm in recent years.Manifold held the role for just eight months amid broader leadership concerns at the firm. PA Images via Getty ImagesKey FactsBP’s board said in a statement that Manifold was removed from his role as chair and director following “serious concerns raised to the board related to important governance standards, oversight and conduct,” though it did not provide additional details.Ian Tyler, who previously served as Balfour Beatty’s chief executive and is the chair of the building supplies firm Grafton Group, was appointed as interim chair.Shares of BP dropped 5.3% in premarket trading following the announcement.This is a developing story.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video