BP has appointed Ian Tyler as its permanent chair. This follows the earlier dismissal of Albert Manifold over governance concerns. Senior independent director Amanda Blanc will not seek re-election next year. Tyler, who previously served as interim chair, will lead the board's evolution. BP aims to strengthen its balance sheet and improve operational performance.

BP on Wednesday formally appointed Ian Tyler as chair after a surprise dismissal of former chairman Albert Manifold sparked boardroom turmoil.

BP has named its new chair following a major reshuffle in its top ranks that led to a public spat with ousted chair.