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00:03BP's board unanimously ousted Chair Albert Manifold on Tuesday,
00:07citing serious concerns about his governance standards,
00:10oversight, and conduct, according to Reuters.
00:12The board received information following a whistleblower report
00:16that revealed a pattern of unacceptable behavior,
00:19including aggressive conduct toward colleagues.
00:22ABP spokesperson declined to comment,
00:24while Manifold could not be reached for comment.
00:27Manifold's removal came less than eight months
00:29after he took office.
00:30His firing is the latest
00:32in a string of leadership changes at BP,
00:34which is now on its third CEO and third chairman
00:37in under three years.
00:39Ian Tyler, a BP board member
00:42and former chief of Balfour Beatty,
00:44will serve as interim chair.
00:45BP's shares fell nearly 10%
00:47before pairing losses to around 4%.
00:50For all things money, visit Benzinga.com.
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