BP removes chairman Albert Manifold
BP's board removed chairman Albert Manifold with immediate effect, citing "serious concerns" about his conduct, oversight and governance. The company named Ian Tyler as interim chair while the board investigates and determines next steps. The sudden ousting signals governance problems at a major oil company and may dent investor confidence and leadership stability at BP.
jaw-dropper of a news story - BP has ousted its chair Albert Manifold following “serious concerns” over governance standards, oversight and conduct. www.ft.com/content/e63d...
Betty Marsden voice (as Bea Clissold): "Manifold, Manifold concerns"
He’s the chair of a major oil and gas producer, so I’m surprised governance concerns are suddenly an issue.
□ Ah so replaced the manifold.
Missed opportunity to say “many and various serious concerns” there.