BP Ousts Chairman, Adding to Years of Turmoil

BP Ousts Chairman Amid Allegations of Verbal Abuse

BP removed Chairman Albert Manifold after whistleblower reports accused him of verbal abuse and mishandling company information. Manifold denies the allegations and has hired lawyers to challenge his dismissal.

Abrupt Departure Deepens Turmoil

Manifold, an industry outsider brought in to lead a turnaround, was ousted just weeks into new CEO Meg O'Neill's tenure. His aggressive leadership style, including frequent use of coarse language, created friction with management. Investors representing 18% of shares voted against his re-election last month.

BP's Leadership Instability

BP has had four CEOs and three chairmen since 2023. Former CEO Murray Auchincloss resigned abruptly in December, and his predecessor Bernard Looney left in 2023 over undisclosed relationships. The company faces strategic uncertainty after failed renewable energy bets and lagging stock performance.

Corporate governance expert Carolyn Clarke said Manifold's removal shows BP's governance mechanisms are functioning, but the early exit raises questions about vetting processes. Manifold insists he was driving necessary change and disputes the characterization of his conduct.