BP PLC (NYSE: BP) shares are trading lower Tuesday afternoon following a major, unexpected shakeup in the energy giant's boardroom.

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.

Oil and gas media is reporting that oil giant BP has removed Chair Albert Manifold with immediate effect after the board cited serious concerns over governance standards,…

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

The board of British energy major BP on Tuesday announced it had unanimously decided to remove Chairman Albert Manifold with immediate effect, citing governance oversight and…

Oil company’s chair to leave immediately as Ian Tyler is named as interim successor

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.

"The board has been surprised and disappointed to learn of governance..."

BP stock fell as much as 9% in London after the board said it had unanimously removed Albert Manifold with immediate effect

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…

Amanda Blanc, senior independent director at BP, said the board deemed his conduct to be ‘unacceptable’.

The chairman of oil giant BP has been given the boot after less than a year in the top job - the sudden departure of Albert Manifold prompted a drop in share price

BP has dismissed its chairman Albert Manifold less than a year since he was appointed to the role, after “serious concerns” were raised about “governance standards, oversight and…

British oil giant BP said Tuesday that it had removed Albert Manifold as chairman after less than one year in the role, citing "serious concerns" a...

BP Plc’s board removed Chairman Albert Manifold from his role with due to serious concerns about governance standards. Read more.

The removal of Albert Manifold comes just months after he was appointed, and adds to a period of leadership turmoil at the energy giant.

Paukenschlag beim Ölgiganten BP: Der Chairman Albert Manifold muss abrupt seinen Hut nehmen. Grund sind nicht näher benannte Verhaltensverfehlungen. Der BP-Aktienkurs stürzt um…

BP has lost its CEO and now its board chair in the span of six months.

British oil giant BP announced the departure of chairman Albert Manifold just months after his appointment on 'serious' governance and conduct concerns.