Albert Manifold, the recently ousted chairman of BP, has publicly responded to his dismissal, suggesting that his emphasis on cost-cutting measures may have contributed to his removal. Manifold, who served less than a year in the role, was dismissed by BP citing concerns over governance standards and conduct.

Cost-Cutting Measures

In a detailed statement, Manifold defended his actions, which included using public transport instead of a chauffeur, making his own coffee, and avoiding corporate luxuries. He argued that these actions were part of his effort to set an example during a period when BP was laying off thousands of employees.

Manifold stated, “I had no interest in having a dedicated chauffeur-driven limousine at my beck and call on the occasions that I was in London. I, like most people, walked, took taxis, trains, etc.” He further noted his efforts to streamline the board for efficiency, which he acknowledged were not always well-received.

Allegations and Response

BP has not provided specific details on the allegations against Manifold, but media reports suggest whistleblower complaints about bullying. Manifold has denied these allegations, calling them “lies” and stating that no issues were raised with him during his tenure.

In response to the allegations, BP stated, “We have a duty of care to all our employees, particularly those impacted by his behavior.” The company’s shares have seen a decline of approximately 6.5% following the news of his ouster.

Manifold’s departure adds to the leadership instability at BP, which is now on its third CEO since 2019. The situation highlights ongoing challenges within the company as it navigates strategic and leadership changes.

Original reporting: KEYT (Ventura/Santa Barbara) — read the source article.