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BP Fires Chairman Albert Manifold for Conduct and Oversight Concerns

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BP unexpectedly fired Chairman Albert Manifold just months after he took the post, citing serious concerns about governance standards, oversight and conduct, extending a period of executive churn. After activist Elliott pushed for change, BP named Meg O’Neill as CEO on April 1, following the prior removal of CEO Murray Auchincloss. BP shares fell about 4%.

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