BP's board has ousted chair Albert Manifold and expressed serious concerns about his governance standards, oversight and conduct in the latest leadership turmoil to rock the oil major, driving its share price down as much as 10 per cent.
Four sources with knowledge of the matter said Manifold had acted aggressively with different colleagues across the company, citing that as one reason for his firing on Tuesday.
The board had received enough information following a whistleblower report to ascertain that there was a pattern of unacceptable behaviour, said one of the sources, who is close to BP's board. The sources declined to be identified because they were not authorised to speak publicly.
