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EUROS The World Financial Report
Nº 99 Sunday, 18 October 2026 · World Edition
Front Page

BP names Ian Tyler permanent chair to stabilise board after Manifold ouster

EUROS Newsroom · 02 Sep 2026 · 1 min read
BP names Ian Tyler permanent chair to stabilise board after Manifold ouster

BP has named Ian Tyler as its permanent chair to restore governance stability and steer the company’s strategic pivot back toward core fossil fuel operations.

BP has appointed Ian Tyler as its permanent chair, effective immediately, concluding a months-long search to stabilise the board. Tyler previously served as interim chair and non-executive director since April 2025.

The appointment follows the abrupt removal of Albert Manifold in late May, just eight months into his tenure. The board cited unacceptable governance oversight and conduct issues, though Manifold disputed the claims and stated he was dismissed without warning.

Amanda Blanc, BP’s senior independent director and chief executive of Aviva, led the recruitment process. Facing criticism over her role in Manifold’s initial appointment to replace Helge Lund, Blanc announced she will step down at next year’s annual meeting.

His background includes serving as chief executive of Balfour Beatty and current leadership roles chairing Grafton Group and acting as senior independent director at Anglo American. He also holds past board experience with Cairn Energy, Vistry Group, and BAE Systems.

Tyler’s primary mandate is to guide the company’s strategic pivot away from renewable energy investments and back toward core fossil fuel extraction. This realignment comes as the company recorded its highest quarterly profits since the first year of the war in Ukraine, driven by elevated oil and gas prices linked to the Middle East crisis.

Despite this profitable environment, O’Neill recently noted that North Sea investments remain uncompetitive within the broader portfolio. The company still intends to sell its North Sea business, even as the chief executive recently urged UK officials to make use of domestic oil and gas resources.

Blanc noted that Tyler brings significant experience "providing challenge and support to executive teams, while maintaining strong governance and oversight on behalf of shareholders." Tyler stated he will lead the board’s evolution to support strategic priorities and is committed to establishing regular and transparent engagement with shareholders.