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Albert Manifold was removed as the chairman of BP by its board on Tuesday (Niall Carson\/PA) \u00b7 Niall Carson <\/p>\nThe ousted chairman of BP has rejected \u201clies\u201d about his conduct and said his views on cost-cutting and calling out \u201cexcessive expenditure\u201d on things like a limousine or private flight were not shared by others at the firm.<\/p>\n
Albert Manifold issued a statement in response to reports about his conduct after BP\u2019s board removed him with immediate effect on Tuesday.<\/p>\n
The board had cited \u201cserious concerns\u201d related to this conduct, oversight and governance at the oil giant.<\/p>\n
Media reports following the move cited sources close to the company who said Mr Manifold had engaged in bullying and aggressive behaviour towards other staff.<\/p>\n
Mr Manifold said\u00a0he accepts the board\u2019s decision to remove him, but added: \u201cWhat I do not accept is that lies can be told about me, nor that anyone should be allowed to hide behind anonymity when commenting on my time at BP.\u201d<\/p>\n
Responding to the reports, he said: \u201cIs it possible that in my determination to drive change on costs, performance, the balance sheet and shareholder communications, I pushed hard and challenged people directly? Yes, it is.<\/p>\n
\u201cBut there is a considerable distance between driving an organisation with urgency and the characterisation of my conduct that is now being put about.<\/p>\n
\u201cAt no point in my tenure as chairman of BP has anyone raised with me any issue about my conduct or my relationship with my colleagues.\u201d<\/p>\n
Albert Manifold was removed as the chairman of BP by its board on Tuesday (Niall Carson\/PA) \u00b7 Niall Carson <\/p>\n
Mr Manifold, who had joined BP last October as it sought to drive an improvement in its performance, said he felt his priorities as the company\u2019s chairman, particularly regarding shareholder interests, differed to others within the group.<\/p>\n
This involved driving significant cost-cutting across the business, including \u201claying off thousands of people\u201d, he said.<\/p>\n
Mr Manifold said he wanted to \u201cset an example\u201d at a time of cutbacks and that included calling out \u201cunnecessary or excessive expenditure\u201d.<\/p>\n
\u201cI had no interest in having a dedicated chauffeur-driven limousine at my beck and call on the occasions that I was in London,\u201d he insisted.<\/p>\n
\u201cI had no interest in taking private aviation nor in availing myself of corporate tickets for sports events.<\/p>\n
\u201cI made my own coffee, bought my lunch in the local cafe. I sat in a small office, eschewing the grand corner-office privilege of previous chairmen.\u201d<\/p>\n
BP\u2019s board\u00a0has appointed Ian Tyler as interim chairman and launched a search process for a permanent replacement.<\/p>\n
Amanda Blanc, senior independent director at BP, said on Tuesday: \u201cAlbert has helped bring a welcome focus and pace to BP\u2019s transformation.<\/p>\n
\u201cHowever, the 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","protected":false},"excerpt":{"rendered":"The ousted chairman of BP has rejected \u201clies\u201d about his conduct and said his views on cost-cutting and…\n","protected":false},"author":2,"featured_media":50800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[9141,67,6704,24715],"class_list":["post-50799","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-albert-manifold","tag-bp","tag-bp-plc","tag-interim-chairman"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116651871735952973","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/50799","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=50799"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/50799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/50800"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=50799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=50799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=50799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}