BP’s ousted chairman Manifold clashed with director over deal talks, WSJ reports

  • Companies
May 29 (Reuters) – BP’s (BP.L), opens new tab 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.
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 the ​characterisation of his conduct.
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 mischaracterising conversations.
Henry, ​who joined ​BP in ⁠September, was among those who left under Manifold as his ​board shrank.
There were also tensions ​last ⁠year between Manifold and then-CEO Murray Auchincloss, the Journal said.
BP declined to comment, ⁠while ​Manifold, Henry and Auchincloss ​could not be reached for comment.

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