BP removes chair Albert Manifold over ‘serious’ governance and conduct concerns

Oil company is FTSE’s biggest faller as chair departs immediately after only eight months in the role

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BP has removed its chair, Albert Manifold, with the oil company’s board saying it had “serious concerns about “important governance standards, oversight and conduct”.

The FTSE 100 company announced Manifold’s departure with immediate effect on Tuesday, without giving further details. He lasted only eight months in the role.