May 26 (Reuters) - BP ousted Chair Albert Manifold with immediate effect on Tuesday, citing governance standards, oversight and conduct issues, less than eight months after he took office to help oversee a strategy revamp, the latest in a string of scandals and leadership changes at the oil company. Manifold's departure follows the 2023 dismissal of former CEO Bernard Looney and the abrupt exit of CEO Murray Auchincloss last year. Following is a timeline of leadership changes and governance issues at BP: Date Event May 2026 BP ousts Chair Albert Manifold with immediate effect, citing governance, oversight and conduct issues, less than eight months into the role March 2026 Manifold announces plans for a slimmer board as part of the British oil company's reset strategy, with former Shell Chief Financial Officer Simon Henry among those departing. Henry only joined BP in September December Auchincloss exits abruptly with no clear 2025 reason given; BP appoints Meg O'Neill as CEO July 2025 BP names Manifold as its chairman, succeeding Helge Lund April 2025 Lund is reelected, although he receives only 76% of shareholder support, markedly below typical levels January BP names Auchincloss permanent CEO 2024 September Looney is dismissed after less than four years 2023 in office for failing to disclose relationships with colleagues; Auchincloss becomes interim CEO October BP taps Looney as CEO, Dudley to retire in 2019 2020 October Bob Dudley becomes CEO, replacing Tony 2010 Hayward, who stepped down after overseeing BP's initial response to the Deepwater Horizon disaster April 2010 Explosion and fire on Transocean's Deepwater Horizon drilling rig, operating for BP, kills 11 workers. May 2007 CEO John Browne resigns with immediate effect after a UK court lifted an injunction preventing a newspaper group from publishing details about his private life (Reporting by Shadia Nasralla in London and Anmol Choubey in Bengaluru; Editing by Rod Nickel)
Corporate News Oil & Gas

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(Alliance News) - The FTSE 100 closed higher on Tuesday although a fall in oil major BP following the unexpected departure of Chair Albert Manifold li...