BP has named Ian Tyler as its new chair in a bid to stabilize the company’s governance structure following extended boardroom instability. Tyler, who has served as interim chair since Manifold’s departure, previously held the chief executive position at construction firm Balfour Beatty and brings extensive board experience across multiple sectors, including mining, energy, and defense.
The appointment concludes a prolonged search process initiated after Manifold’s abrupt removal in late May, mere months into his tenure. The company cited “serious concerns” regarding his leadership, with reports indicating that colleagues felt belittled by his management style and questioning whether he had overstepped the boundaries of a non-executive chair role. Manifold disputed the allegations, contending that his termination came without advance notice.
Amanda Blanc, BP’s senior independent director who oversaw both Manifold’s appointment and subsequent removal, announced plans to step down at the company’s next annual meeting. Her decision followed criticism over her initial endorsement of Manifold as a leader with strong performance focus, particularly given the subsequent governance concerns that emerged. Blanc acknowledged that while Manifold had contributed to BP’s transformation efforts, boardroom conduct and oversight issues had become untenable.
Tyler assumes leadership during a period of strategic reorientation for BP. The company has shifted direction away from renewable energy investments to emphasize traditional fossil fuel extraction. This transition follows a series of executive changes, including the 2023 resignation of Bernard Looney and the removal of Murray Auchincloss in December. Current chief executive Meg O’Neill, who took office in April, has been central to advancing this revised strategic focus.
Tyler has pledged to enhance shareholder engagement and strengthen board capabilities to support the company’s long-term strategy. Nevertheless, his appointment has drawn skepticism from activist investors and environmental groups, with some observers questioning whether his role in recent governance decisions positions him to effectively address the underlying structural issues within the organization.
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