𝓤𝓷𝓲𝓽𝓮𝓭 𝓝𝓮𝔀𝓼

BP has ousted chair Albert Manifold in the face of “serious concerns” related to his conduct, oversight and governance at the firm.

The London-listed oil giant said its board “unanimously decided that (he) should no longer serve as chair and director with immediate effect”.

Amanda Blanc, senior independent director at BP, said: “Albert has helped bring a welcome focus and pace to BP’s transformation.

“However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.”

The board has appointed Ian Tyler as interim chair and launched a search process for a permanent replacement.

This is a breaking news story. More follows…