BP Ousted Chair Manifold Denies Misconduct Allegations
BP Ousted Chair Manifold Denies Misconduct Allegations
Albert Manifold, the ousted chair of BP (LSE:BP), has pushed back against what he calls a 'false narrative' surrounding his removal from the British oil major, according to a Bloomberg News report citing his statement. In an emailed statement, Manifold said: 'I was removed without warning and without explanation. I dispute entirely the characterization of my conduct and I will not allow a false narrative to go unchallenged.'
BP Board Decision
BP's board removed Manifold on Tuesday, expressing serious concerns about his governance standards, oversight, and conduct. The decision drove BP's share price down as much as 10%.
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