BP stock falls by over 4 percent in US and UK markets as governance concerns lead to chairman Albert Manifold's removal.

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

Shares in BP (LON: BP) fell sharply after the energy giant announced its board had removed chairman Albert Manifold in a shock move.

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…