BP names Ian Tyler as chairman, replacing Albert Manifold after his removal earlier this year over serious concerns about conduct, oversight, and governance.

Tyler has been interim chairman since May and joined BP's board as a non-executive director last year; he will take the chair immediately after a roughly three-month search.

Manifold contested BP’s characterization of his conduct, a point noted during the three-month search to find his successor.

CEO Meg O’Neill outlined five strategic priorities: strengthen the balance sheet, simplify the portfolio, tighten investment discipline, improve operational performance, and enable faster decision-making and accountability.

The board expresses confidence in Meg O’Neill and Ian Tyler to strengthen BP’s leadership and future performance under the leadership transition.

The board stresses confidence in the leadership change, with O’Neill as CEO and Tyler as chairman to drive performance and shareholder value.

Senior independent director Dame Amanda Blanc said Tyler brings governance strength and experience in challenging and supporting executive teams to protect shareholders’ interests.

Tyler will oversee a strategic shift toward fossil fuels and away from certain renewables, aligning with O’Neill’s emphasis on North Sea resources amid broader portfolio adjustments.

Tyler pledged to lead the board’s evolution, bolster depth and capabilities, and engage regularly and transparently with shareholders to support long-term value creation.

He reaffirmed commitment to regular, transparent engagement with shareholders and to supporting the leadership team in delivering long-term value.

Tyler described his role as steering the board’s evolution, ensuring depth of experience, and maintaining ongoing, open dialogue with shareholders.

The appointment followed an extensive internal and external candidate search.