Overview
- BP confirmed on Wednesday that Ian Tyler, who has served as interim chair since late May, will become permanent chair with immediate effect.
- The board removed Albert Manifold in May citing “serious concerns” about governance, oversight and conduct, and Manifold has publicly rejected that characterisation.
- Senior independent director Amanda Blanc led the three-month search, praised Tyler’s governance experience and said she will not stand for re-election next year.
- Tyler’s confirmation follows a period of rapid senior turnover at BP that included the departure of Murray Auchincloss and the appointment of Meg O’Neill as CEO in April.
- The appointment is meant to reassure investors by restoring steady board oversight but the dispute over Manifold’s removal leaves a reputational risk and a focus on how the board will engage shareholders and tighten conduct controls.