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BP's board has removed Chair Albert Manifold over governance concerns, sending its share price down by as much as 10%.
BP has removed Chair Albert Manifold over governance concerns and aggressive behavior toward colleagues.
KEY POINTS
- A whistleblower report led directly to Manifold's ousting after less than eight months as chair.
- BP's share price fell by up to 10% following news of Manifold's departure.
- BP is undergoing a strategic revamp under its fifth CEO since 2020 amid leadership instability.
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