BP has removed its Chair, Albert Manifold, with immediate effect. The company cited serious concerns regarding governance oversight and conduct. This decision comes just months after Manifold's appointment to help steer a strategy revamp. BP also recently appointed Meg O'Neill as its fifth CEO in six years. The board unanimously decided Manifold should no longer serve as chair and director.

Manifold held the role for just eight months amid broader leadership concerns at the firm.

BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.”

Albert Manifold has been ousted with immediate effect

British oil giant BP has removed Albert Manifold as chairman less than a year after he took over the role, citing what it described as "serious concerns" over governance,…

Manifold was appointed to the position less than a year ago when the company was undergoing severe leadership turmoil.

BP has removed its Chair, Albert Manifold, with immediate effect. The company cited serious concerns regarding governance oversight and conduct. This decision comes just months…