BP (BP.L) investors are asking for more details from the company after it fired Albert Manifold as chair over "unacceptable conduct," London's Financial Times reported Tuesday, citing shareholders of the energy giant.
The oil and gas company fired Manifold in May. One unnamed investor told FT many shareholders are concerned about whether the former chair's aggressive push for change prompted the ousting. Meanwhile, investors who spoke with BP noted that they are seeking clarity amid a promise to continue with Manifold's strategy of streamlining the company.
A person close to the company added that full details of the decision could not be disclosed to remain fair to the complainants, according to the report.
BP did not immediately respond to a request for comment from.
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