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BP Removes Board Chair Over Concerns of Governance, Oversight, Conduct

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British energy major BP (BP) on Tuesday said its board has unanimously decided to remove Albert Manifold as chair and director with immediate effect over concerns of governance standards, oversight and conduct.

The board has appointed Ian Tyler as interim chair effective immediately, the company statement said.

"Albert has helped bring a welcome focus and pace to bp's transformation. However, the board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action," Amanda Blanc, senior independent director at the company said.

The company will initiate a a succession process for a permanent chair, the statement said.

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