Albert Manifold & BP

Albert Manifold: Albert Manifold was ousted as chairman of BP due to allegations of aggressive behavior and governance issues, which he disputes, claiming he was removed without warning or explanation.

BP: BP ousted its chairman, Albert Manifold, due to serious concerns about his conduct and governance standards, leading to a significant drop in its share price and further leadership instability.

Albert Manifold: He was removed as Chair and Director of BP due to serious concerns regarding governance standards, oversight, and conduct, which triggered the broader investigation into BP.

BP: The company is facing an investigation into potential securities fraud and unlawful business practices, which led to a drop in its stock price and negative market sentiment. The board also removed its Chair and Director due to governance concerns.

Albert Manifold: Albert Manifold, the new Chair of BP, called for a deeper reshaping of the company's portfolio to increase profitability.

BP: BP is selling a majority stake in its BP — Castrol lubricants business to reduce debt and streamline its operations, aiming to improve its financial performance and shareholder returns.