BP ousts chairman over 'serious' governance concerns
A BP fuel sign is seen, Tuesday, Sept. 12, 2023, in Marietta, Ga. (AP Photo)
British oil giant BP unexpectedly removed Albert Manifold as chairman on May 26 after less than one year in the role, citing "serious concerns" about governance standards, oversight and conduct at the company.
"The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action," Amanda Blanc, a senior independent director at BP, said in a statement.
The company did not give specific details of the alleged conduct and declined to comment further.
