BP Must Focus on Professional Skills, Personal Traits in New Chair Search
BP Board Chair Change and New Search
The removal of BP Chair Albert Manifold is unlikely to have any major impact on the business given his short tenure on the board, according to Quilter Cheviot analyst Maurizio Carulli. He says the board will need to focus on professional skills and personal characteristics in the search for a new chair.
Reason for Manifold's Removal
BP stated that Manifold was removed from the board over serious concerns about governance and conduct. Shares are down 4.4% at 527 pence.
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