BP Names Ian Tyler Permanent Chair After Manifold's Exit

Management

โดย Oilprice.com·

Summary · why it matters

BP has named Ian Tyler as its permanent chair with immediate effect, completing a leadership search launched after the company abruptly removed former chair Albert Manifold in May. Tyler, who served as interim chair since May 26, will work alongside CEO Meg O'Neill as BP undergoes a significant strategic and organizational overhaul. Tyler joined BP's board in April 2025 and previously chaired Cairn Energy and served on BAE Systems' board; he is currently chair of Grafton Group and senior independent director at Anglo American. His appointment follows a turbulent period that saw O'Neill become CEO in April, and BP has reset its strategy to focus on upstream growth and capital discipline, with oil and gas investment expected at roughly $10 billion annually while cutting transition spending to $1.5-$2 billion per year through 2027. Tyler said his priorities include reshaping the board and increasing shareholder engagement, while Senior Independent Director Dame Amanda Blanc, who led the search, will not seek re-election at the 2027 annual meeting.

BP PLC ±