BP has appointed Ian Tyler as the energy giant’s new chairman, after his predecessor was ousted due to concerns over conduct and governance. <\/p>\n
Former Balfour Beatty boss Mr Tyler has been the interim chairman since May and joined the BP board as a non-executive director last year. <\/p>\n
The FTSE 100 firm said he will now take over the role immediately. <\/p>\n
The appointment comes after a roughly three-month search process to replace Albert Manifold who was removed from the post earlier this year. <\/p>\n
Mr Manifold, who had joined the business in October in a bid to improve performance, was removed as BP reported “serious concerns” related to his conduct, oversight and governance at the oil giant. <\/p>\n
He said he “entirely” disputed the characterisation of his conduct laid out by his former employer and he rejected their “lies”. <\/p>\n
It comes amid a significant leadership shake-up at BP, which saw Meg O’Neill take over as chief executive in April. <\/p>\n
Mr Tyler said: “I will lead the board’s evolution, ensuring we have the depth, experience and capabilities needed to support the company’s strategic priorities and long-term value creation. <\/p>\n
“I am committed to establishing regular and transparent engagement with our shareholders, while continuing to support the wider leadership team as they deliver the performance and value our shareholders rightfully expect.” <\/p>\n
Dame Amanda Blanc, BP’s senior independent director who oversaw the appointments of Mr Manifold and Mr Tyler, also confirmed she will not stand for re-election and will step down next year. <\/p>\n
“It has been an honour to have served on the board of BP and as senior independent director,” she said. <\/p>\n
“I will leave knowing that BP has a strong foundation with Meg and Ian now in place, and wish them and the company every success for the future.” <\/p>\n","protected":false},"excerpt":{"rendered":"BP has appointed Ian Tyler as the energy giant’s new chairman, after his predecessor was ousted due to…\n","protected":false},"author":2,"featured_media":115703,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[67,25086,6704,24723,24937,47372,24873,31055],"class_list":["post-115702","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-bp","tag-bp-board","tag-bp-plc","tag-ian-tyler","tag-manifold","tag-meg","tag-meg-oneill","tag-tyler"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117200329273376929","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/115702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=115702"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/115702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/115703"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=115702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=115702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=115702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}