BP’s board fired chairman Albert Manifold on May 26, citing serious concerns over governance standards, oversight, and conduct. He lasted less than eight months in the role, having been appointed in July 2025.
The dismissal triggered an immediate market reaction. BP’s share price dropped as much as 10% following the announcement.
What happened at the top
Multiple sources described Manifold’s behavior as bullying and overbearing. Reports pointed to a volcanic temper and allegations of aggressive conduct toward colleagues, along with claims of mishandling information.
The board said it was surprised and disappointed by the issues that surfaced.
