BP’s Former Chairman, Albert Manifold, Disputes How Company Characterized His Dismissal
The New York Times • • business
Key Points:
- Albert Manifold, the recently ousted chair of BP, defended his leadership and vowed to contest the accusations related to his dismissal, adding to the company's ongoing executive instability.
- BP abruptly terminated Manifold's position, citing "serious concerns" about his leadership, specifically mentioning governance oversight and conduct issues deemed unacceptable.
- Ian Tyler, a BP director since April, was appointed interim chair while the company initiates a search for a permanent replacement.
- Manifold claimed he was removed without warning or explanation and rejected the negative characterization of his conduct.
- BP declined to comment on Manifold's response, and Manifold has not yet decided how to challenge his dismissal.