BP Appoints Ian Tyler as New Chair

BP appointed Ian Tyler as its new chair, ending months of turmoil following the contentious removal of Albert Manifold in May. Tyler, a veteran corporate leader, will oversee a strategic pivot toward fossil fuels amid shareholder scrutiny.

BP’s board officially named Ian Tyler as its new chair, concluding a months-long search after Albert Manifold’s abrupt ousting in May. Tyler, who had served as interim chair since April 2025, assumes the role permanently amid efforts to stabilize the oil giant’s governance. The decision follows allegations of governance oversight and conduct issues that led to Manifold’s departure, according to BP.

Tyler’s Background and Strategic Mandate

Tyler, a former CEO of Balfour Beatty and current chair of Grafton Group, brings extensive experience in corporate leadership. His appointment aligns with BP’s recent shift to prioritize fossil fuel extraction over renewable energy investments, as highlighted by CEO Meg O’Neill. O’Neill recently advocated for increased UK oil and gas production despite BP’s plan to divest its North Sea assets, citing “uncompetitive” returns from those operations.

Manifold’s Controversial Tenure and Exit

Manifold’s eight-month tenure as chair ended in May after BP cited governance oversight and conduct issues. Internal reports suggested senior colleagues felt belittled by Manifold, who was accused of overstepping his role as a non-executive director. Manifold denied the allegations, claiming he was fired without warning. Amanda Blanc, BP’s senior independent director and Aviva CEO, led the search for a new chair but announced her resignation from the BP board at next year’s annual meeting.

Board Reactions and Governance Concerns

Shift in BP’s Energy Strategy

Tyler’s appointment coincides with BP’s reported strategy to refocus on fossil fuels amid rising oil prices driven by Middle East tensions. The company reported its highest quarterly profits since the first year of Russia’s war on Ukraine, fueled by increased production and market conditions. O’Neill’s recent push for UK oil and gas development contrasts with BP’s broader net-zero goals, highlighting internal tensions over the company’s future direction.

Next Steps and Shareholder Watch

Tyler’s leadership will face pressure to balance profitability with environmental commitments as BP navigates a volatile energy market. The company’s decision to sell its North Sea assets remains a focal point for investors and regulators alike.