BP names Ian Tyler as permanent chair
BP has named former Balfour Beatty CEO Ian Tyler as its permanent chair following the departure of Albert Manifold earlier this year. Tyler previously stepped in on an interim basis in May after Manifold was dismissed over conduct concerns.
Insights:
BP appointed Ian Tyler as its permanent chair on Wednesday after firing his predecessor over conduct concerns in May. The transition comes as the United Kingdom-based energy group navigates a major portfolio reset centered on oil and gas. BP shares rose 0.2% following the announcement, outpacing recent management turnover at the firm.
