A buyer fills up a automobile with gasoline at a BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025.
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Former BP Chairman Albert Manifold has pushed again in opposition to accusations over his conduct following his shock departure from the British vitality main.
In an emailed assertion to CNBC, Manifold mentioned he’d been faraway from his put up “with out warning and with out clarification” and that he disputes “totally the characterisation” of his conduct.
His feedback come after BP’s board on Tuesday introduced the removing of Manifold as a result of “severe considerations” regarding governance requirements, oversight and conduct.
Amanda Blanc, senior unbiased director at BP, thanked Manifold’s contribution to BP’s ongoing transformation however mentioned the board had been “shocked and dissatisfied to study of governance oversight and conduct points it deems unacceptable.”
A number of media shops reported Manifold had acted aggressively with completely different colleagues throughout his transient tenure on the firm, citing nameless sources. CNBC has contacted a BP spokesperson and is awaiting a response.
Manifold, the previous boss of Irish constructing supplies big CRH, had solely been in put up for round seven months, and his dismissal has as soon as once more raised questions on BP’s company governance.
“Throughout my time as chairman I labored to drive real change at BP – chopping prices, difficult extra, and holding the organisation to increased requirements,” Manifold mentioned.
“I dispute totally the characterisation of my conduct and I cannot permit a false narrative to go unchallenged,” he added.
London-listed shares of BP traded 1.7% decrease on Wednesday morning.
