REG - BP PLC - bp Chair removed

BPAnnouncement

26/05/2026 12:30

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RNS Number : 7376F  BP PLC  26 May 2026

bp Chair removed

The Board of BP p.l.c. (LSE and NYSE: bp) ("bp") announces that it has today
unanimously decided that Albert Manifold should no longer serve as Chair and
Director with immediate effect. This follows serious concerns raised to the
Board related to important governance standards, oversight and conduct.

Amanda Blanc, Senior Independent Director at bp, said: "Albert has helped
bring a welcome focus and pace to bp's transformation. However, the board has
been surprised and disappointed to learn of governance oversight and conduct
issues it deems unacceptable and has taken decisive action."

The Board has appointed Ian Tyler as Interim Chair with immediate effect.

Ian Tyler, Interim Chair, said: "The Board and leadership team have deep
conviction in the strategic direction we have laid out, and the company is
moving at pace to deliver it. bp is building a track record of strong
underlying operational performance and a tight focus on financial discipline -
all in the pursuit of growing shareholder value and returns.

"The Board has been very impressed with Meg O'Neill since she joined as CEO.
She has extensive industry and operational experience and real clarity about
the direction and opportunity for the business. She has already taken bold
action to simplify and strengthen the organization such as announcing the move
to a clearly defined upstream/downstream model. Under her leadership we are
building a simpler, stronger, more valuable bp."

A succession process for a permanent Chair will be initiated.

-ENDS-

Contacts:

bp press office, London: bppress@bp.com

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of BP p.l.c., is Michael
Sosso, Executive Vice President, Legal.

Cautionary statement:

In order to utilize the 'safe harbor' provisions of the United States Private
Securities Litigation Reform Act of 1995 ‎‎(the 'PSLRA'), bp is providing
the following cautionary statement. This announcement contains certain
forward-‎looking statements - that is, statements related to future, not
past events and circumstances - which may relate to ‎one or more of the
financial condition, results of operations and businesses of bp and certain of
the plans and ‎objectives of bp with respect to these items. These
statements are generally, but not always, identified by the use ‎of words
such as 'will', 'expects', 'is expected to', 'aims', 'should', 'may',
'objective', 'is likely to', 'intends', ‎‎'believes', 'anticipates',
'plans', 'we see' or similar expressions. Actual results may differ from those
expressed in ‎such statements, depending on a variety of factors including
the risk factors set forth in our most recent Annual ‎Report and Form 20-F
under "Risk factors" and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are
available on our website at www.bp.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.bp.com%2F&data=05%7C02%7Cmichael.sosso%40bp.com%7Cc1a8f21f820b4192adcf08debaffc7b9%7Cea80952ea47642d4aaf45457852b0f7e%7C0%7C0%7C639153804875399600%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=Yj%2BGZnCpYFFFE4EtoIsvr8VG%2BFYeImfqpQHF25wx%2BGo%3D&reserved=0)
, ‎or can be obtained from the SEC by calling 1-800-SEC-0330 or on its
website at www.sec.gov
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.sec.gov%2F&data=05%7C02%7Cmichael.sosso%40bp.com%7Cc1a8f21f820b4192adcf08debaffc7b9%7Cea80952ea47642d4aaf45457852b0f7e%7C0%7C0%7C639153804875423340%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=%2BMP0umdOS4WJAfYFOhH1yynPZuBvY0R5uIRpCvh%2B%2FHI%3D&reserved=0)
.

 

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