\n<\/p>\n
The boardroom turmoil at BP deepened after its ousted chair, Albert Manifold, claimed allegations about his conduct were \u201clies\u201d.<\/p>\n
In a new and lengthy statement, Manifold disputed reports about his conduct, saying: \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
He also described media reports that he wanted to exert control of the FTSE 100 company like an executive chair as \u201cnonsense\u201d. Manifold said he had \u201cmany other commitments\u201d and had only spent 13 days in BP\u2019s London office so far this year.<\/p>\n
BP announced Manifold\u2019s departure with immediate effect on Tuesday after less than a year in the role, expressing serious concerns \u200babout his governance standards, oversight and conduct.<\/p>\n
Media reports, citing anonymous sources at the company, described his behaviour with different colleagues across the company as aggressive.<\/p>\n
On Thursday, Manifold challenged those reports, saying: \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
Manifold was appointed chair in October 2025, having previously served more than a decade as the chief executive of the Irish building materials company CRH.<\/p>\n
He was tasked at BP with overseeing the continued change in the oil company\u2019s strategy, to refocus on fossil fuel extraction and ditch renewable energy investments after BP abandoned its attempt to reinvent itself as a net zero energy company.<\/p>\n
Manifold conceded he may have \u201cpushed hard and challenged people directly\u201d amid his \u201cdetermination to drive change on costs, performance, the balance sheet and shareholder communications\u201d.<\/p>\n
However, he disputed reports from the company about his behaviour, adding: \u201cThere is a considerable distance between driving an organisation with urgency and the characterisation of my conduct that is now being put about.\u201d<\/p>\n
He said such \u201caccusations\u201d had not been previously made about his behaviour during his 40-year career. He added that he \u201ccalled out \u2026 unnecessary or excessive expenditure\u201d but felt not everyone shared his priorities.<\/p>\n
Manifold said he turned down many of the benefits traditionally enjoyed by top executives, which he called a \u201cculture of entitlement\u201d, including chauffeur-driven cars, being flown by private jet or taking advantage of corporate hospitality.<\/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 said. \u201cI, like most people, walked, took taxis, trains, etc. I had no interest in taking private aviation nor in availing myself of corporate tickets for sports events. I 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
He said he did this to \u201cset an example\u201d at the time the company was cutting costs and slashing jobs.<\/p>\n
Manifold said he believed BP had a \u201cgreat future\u201d and praised its executive team under the chief executive, Meg O\u2019Neill, as \u201chonest, hard-working \u2026 brimming with integrity\u201d.<\/p>\n
BP suggested on Tuesday that it would continue the strategy overseen by Manifold after his departure, led by O\u2019Neill, who was hired in December.<\/p>\n
The board member Ian Tyler, a former chief executive of the FTSE 250 infrastructure group Balfour Beatty, has been appointed as the interim chair while a search for a permanent replacement takes place.<\/p>\n
BP said in a statement on Thursday: \u201cWe note the comments of our former chair. We stand by the statement we have made. We have a duty of care to all our employees, particularly those impacted by his behaviour.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The boardroom turmoil at BP deepened after its ousted chair, Albert Manifold, claimed allegations about his conduct were \u201clies\u201d. In a new and lengthy statement, Manifold disputed reports about his conduct, saying: \u201cAt no point in my tenure as chairman of BP has anyone raised with me any issue about my conduct or my relationship<\/p>\n","protected":false},"author":1,"featured_media":49838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[7892,2431,3436,5350,102,5907,9776,9992],"class_list":{"0":"post-49837","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-boardroom","9":"tag-chair","10":"tag-conduct","11":"tag-deepens","12":"tag-hits","13":"tag-lies","14":"tag-ousted","15":"tag-turmoil"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/49837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49837"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/49837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/49838"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}