BP Dismisses Chairman After Eight Months, Faces Legal Challenge From Manifold
BP•Former BP chairman Albert Manifold was dismissed after eight months, with BP citing “serious concerns” over governance, oversight and alleged aggressive behavior toward employees and mishandling sensitive information. Manifold disputes BP's claims and legally challenges the board’s decision, intensifying leadership instability under Meg O'Neill and prompting scrutiny of governance processes.
1. Manifold's Sudden Dismissal
BP removed Albert Manifold as chairman after eight months in the role, citing “serious concerns” over governance standards, oversight and conduct without providing further explanation. Manifold immediately disputed the board’s account and announced plans to legally challenge his removal.
2. Allegations and Board Concerns
Board concerns included aggressive behavior toward employees, mishandling of sensitive information and attempts to bypass governance protocols. The absence of detailed disclosures about these allegations has fueled questions over the board’s oversight and decision-making processes.
3. Implications for Leadership and Governance
Manifold's departure consolidates authority under new CEO O'Neill, who has already initiated a major restructuring. This marks the third top executive change in three years at BP and raises broader doubts about the company’s internal stability and governance practices.
