Amanda Blanc to lead BP search for next permanent chair

BP director Amanda Blanc will lead the search for a new chair after Albert Manifold's ouster. The move follows leadership turnover at the global oil giant.

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BP PLC senior independent director Amanda Blanc will lead the search for a new chair following the ouster of Albert Manifold. Manifold left the United Kingdom energy giant after just under eight months due to governance and conduct concerns. Investors face uncertainty as BP seeks its fifth permanent leader in six years to stabilize operations.

Interim chair Ian Tyler confirmed the appointment in a statement on Monday evening. Tyler described the upcoming search as a rigorous process involving the entire board to reach a collective decision.

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