According to the source, BP removed chairman Albert Manifold following whistleblower complaints, adding to investor concerns about governance, board oversight, and the company’s strategic direction.
According to the provided reports, BP removed chairman Albert Manifold after about eight months in the role amid allegations described across the coverage as misconduct, governance issues, and whistleblower complaints. Earlier reporting said BP shares fell 10% following the development. The reports present the leadership change as a source of investor uncertainty at a time when BP is under activist pressure, reassessing strategy, and, according to the source, shifting back toward traditional hydrocarbons while still confronting broader energy transition challenges. Together, the reports suggest the boardroom disruption is weighing on confidence in governance, oversight, and long-term capital allocation.