{"id":115851,"date":"2026-09-02T11:33:25","date_gmt":"2026-09-02T11:33:25","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/115851\/"},"modified":"2026-09-02T11:33:25","modified_gmt":"2026-09-02T11:33:25","slug":"bp-names-new-chair-after-boardroom-bust-up","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/115851\/","title":{"rendered":"BP names new chair after boardroom bust-up"},"content":{"rendered":"<p>\t\t\tWednesday 02 September 2026 7:19 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tWednesday 02 September 2026 7:40 am\n\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/09\/a-british-petroleum-bp-forecourt-.jpg\" class=\"media \" alt=\"British Petroleum BP forecourt with fuel pumps and company signage visible in a business setting, highlighting energy serv...\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tBP faced a boardroom bustup.\t<\/p>\n<p class=\"wp-block-paragraph\">Oil giant BP has named its new chair after a <a href=\"https:\/\/www.cityam.com\/bp-chair-ousted-after-less-than-year\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">boardroom bust-up<\/a> earlier this year sent its leadership into chaos.<\/p>\n<p class=\"wp-block-paragraph\">The FTSE 100 giant has tapped Ian Tyler, who has served as interim chair since 26 May. Tyler joined BP as a non-executive director in April 2025.<\/p>\n<p class=\"wp-block-paragraph\">He replaces Albert Manifold, who was stripped of his roles as chair and director of the oil major in May after taking the reins in July 2025. <\/p>\n<p class=\"wp-block-paragraph\">The ousting was reported to have been due to his \u201c<a href=\"https:\/\/www.cityam.com\/chaos-at-bp-as-manifold-doubles-down-on-defence-against-firing\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">volcanic<\/a>\u201d temper towards colleagues, which stretched to verbal abuse and bullying. Manifold has disputed the characterisation of his conduct.<\/p>\n<p class=\"wp-block-paragraph\">BP director Amanda Blanc, who also serves as the chief executive of insurer Aviva, said at the time: \u201cThe board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Blanc led the search for Manifold\u2019s replacement. She described Tyler as bringing \u201csignificant experience providing challenge and support to executive teams, while maintaining strong governance and oversight on behalf of shareholder\u201d.<\/p>\n<p class=\"wp-block-paragraph\">The insurance chief is also expected to step down once an indepenent sucessor is found.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/monzo-chair-makes-early-exit-after-boardroom-rift\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Monzo chair makes early exit after boardroom rift<\/a><\/p>\n<p>\tBP\u2019s rocky year<\/p>\n<p class=\"wp-block-paragraph\">The reshuffle in the top ranks also came after former boss Murray Auchincloss departed his role as chief executive after just under two years. He was replaced by former Woodside chief executive Meg O\u2019Neill, who formally stepped into the role in April.<\/p>\n<p class=\"wp-block-paragraph\">BP shares have suffered a choppy year, <a href=\"https:\/\/www.cityam.com\/after-a-stunning-update-what-does-the-future-hold-for-long-suffering-bp\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">underperforming<\/a> many of its supermajor peers. The firm\u2019s stock dropped after the public spat emerged following Manifold\u2019s ousting, but it has also enjoyed a steady set of gains amid the rise in energy prices.<\/p>\n<p class=\"wp-block-paragraph\">The group recorded its highest quarterly profit since 2023 on the back of the volatility caused by the conflict in the Middle East. In its first results since the war in Iran broke out in February, BP posted a surge in profit to $3.2bn (\u00a32.3bn) for the first three months of the year, up from $1.3bn the prior year.<\/p>\n<p class=\"wp-block-paragraph\">It credited the surge to rocketing oil prices, stating it reflected \u201cexceptional oil trading\u201d in addition to \u201cseasonal inventory builds\u201d.<\/p>\n<p class=\"wp-block-paragraph\">The board announced a dividend of 8.3 cents per ordinary share and plans to reduce its hybrid bond financing by roughly $4.3bn.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/we-have-not-delivered-bp-offloads-us-biogas-business-days-after-north-sea-exit\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">North Sea is not competitive, says BP boss days after exit<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Wednesday 02 September 2026 7:19 am \u00a0|\u00a0\u00a0Updated:\u00a0 Wednesday 02 September 2026 7:40 am BP faced a boardroom bustup.&hellip;\n","protected":false},"author":2,"featured_media":115852,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[7077,9141,67,25086,6704,633,234,6224,320,22617,160,24873,18,225,189,31494,21576,21516,1828],"class_list":["post-115851","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-oil-prices","tag-albert-manifold","tag-bp","tag-bp-board","tag-bp-plc","tag-business","tag-energy","tag-ftse","tag-ftse-100","tag-ftse-100-boss","tag-markets","tag-meg-oneill","tag-news","tag-oil","tag-oil-and-gas","tag-oil-and-gas-services","tag-oil-major","tag-oil-majors","tag-stock-market"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117201233922446944","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/115851","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=115851"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/115851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/115852"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=115851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=115851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=115851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}