Sweden Herald - Latest Sweden News | BP chairman Albert Manifold resigns, shares plunge by Sweden Herald AI generated summary, Read the full article for complete information. British oil giant BP announced that chairman Albert Manifold has resigned with immediate effect amid concerns over poor corporate governance, oversight failures and misconduct. His departure, which comes unexpectedly before a planned restructuring to address years of profitability problems, sent BP’s shares down more than 6 percent on the London Stock Exchange. Manifold, who took the chair last year, had previously overseen the dismissal of former CEO Murray Auchincloss and the appointment of Meg O’Neill as his successor. The board has named board member Ian Tyler as acting chairman, who said he backs the company’s turnaround plans and has confidence in Meg O’Neill as CEO. Read more: https://swedenherald.com/article/bp-chairman-albert-manifold-resigns-shares-plunge #AlbertManifold #BP #MegONeill #IanTyler #businessnews #MurrayAuchincloss