BP unanimously votes to remove Chairman Albert Manifold

BP said on Tuesday its board unanimously voted to remove chairman and director Albert Manifold after “serious concerns” were raised with the board about his conduct.

Amanda Blanc, senior independent director at BP, said in a statement that the oil giant “has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action.”

Manifold was appointed to the position less than a year ago when the company was undergoing severe leadership turmoil and looking to turn around its poor performance.

Ian Tyler has been appointed as interim chairman, Blanc said in the statement, adding that the succession process for a permanent chairman has already started.

This is a breaking news story and may be updated.