BP's Albert Manifold Ousted After Clashing With Director Over Deal Talks
Leadership Turmoil and Boardroom Disputes at BP
Background of the Dispute
May 29 (Reuters) - BP's recently ousted chairman Albert Manifold clashed with fellow director Simon Henry earlier this year over the handling of sensitive talks related to a potential deal, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Manifold's Ouster and Governance Concerns
BP ousted Manifold on Tuesday and expressed serious concerns about his governance standards, oversight and conduct. Manifold said he was removed without warning and disputed characterisation of his conduct.
Details of the Boardroom Clash
The Journal reported that Manifold privately accused Henry of overstepping his authority and excluding other directors from communications, while Henry denied any mishandling of talks, arguing that Manifold was mischaracterizing conversations.
Impact on BP's Board Structure
Henry, who joined BP in September, was among those who left under Manifold as his board shrank.
Previous Tensions and Reactions
Past Conflicts with BP Leadership
There were also tensions last year between Manifold and then-CEO Murray Auchincloss, the Journal added.
Verification and Responses
Reuters could not immediately verify the report. BP did not immediately respond to a Reuters request for comment, while Manifold, Henry and Auchincloss could not be reached for comment.
(Reporting by Carlos Méndez in Mexico City, Editing by Rosalba O'Brien)
