
Ian Tyler steps up from interim role after Albert Manifold's controversial departure in May
AI-generated summary
Albert Manifold was removed from the BP chair role in late May after eight months due to governance concerns.
BP has appointed a new chair after a months-long search following the controversial ousting of Albert Manifold, seeking to draw a line under the boardroom turmoil at the oil and gas company.
Ian Tyler, who has served as the interim chair and sat on the BP board as a non-executive director since April 2025, is assuming the role on a permanent basis immediately.
His appointment comes after Manifold’s shock removal in late May after only eight months in the role, with BP citing concerns about governance oversight and conduct.
Amanda Blanc, BP’s senior independent director who led the search for a new chair and also runs the insurer Aviva as chief executive, announced on Wednesday she would stand down at next year’s annual meeting.
She was criticised after Manifold’s short tenure as chair, as she had led the process that resulted in his appointment to replace Helge Lund. When Manifold exited, Blanc said that while he had helped drive BP’s transformation, there were “governance oversight and conduct issues it [the board] deems unacceptable”.
Reports claimed senior colleagues had felt belittled by Manifold, while he was also accused of trying to exert control as if he were an executive rather than a chair.
Manifold responded by accusing the oil company of firing him without warning and disputed reports about his conduct.
Tyler is a former chief executive of the construction company Balfour Beatty, he chairs the builders merchants Grafton Group and is senior independent director of the mining company Anglo American. In the past he chaired Cairn Energy and the housebuilder Vistry Group and served as a non-executive director of the defence contractor BAE Systems.
He is tasked with overseeing a shift in BP’s strategy to refocus on fossil fuel extraction and ditch renewable energy investments. Meg O’Neill, the BP chief executive, last month urged Andy Burnham to make use of the UK’s oil and gas resources even though the oil company wants to sell its North Sea business.
However, she said North Sea investments were “not competitive” within BP’s portfolio, as the company reported its highest quarterly profits since the first year of Russia’s war on Ukraine, boosted by rising oil and gas prices caused by the Middle East crisis.
Blanc said on Wednesday: “I am delighted that the board has unanimously appointed Ian Tyler as chair of BP. Ian brings significant experience providing challenge and support to executive teams, while maintaining strong governance and oversight on behalf of shareholders.”
Tyler said: “I will lead the board’s evolution, ensuring we have the depth, experience and capabilities needed to support the company’s strategic priorities and long-term value creation. I am committed to establishing regular and transparent engagement with our shareholders.”
AI outlook — possibilities, not facts
Amanda Blanc will stand down at next year's annual meeting
Very likely · Within months

UK government borrowing costs have reached their highest levels since 1998, driven by global inflation concerns. This rise in gilt yields limits fiscal flexibility for Prime Minister Andy Burnham and Chancellor John Healey ahead of their 28 October budget.

Range Rover has unveiled its first electric vehicle, manufactured in Solihull, UK. Starting at £154,070, the luxury SUV marks a strategic shift for Jaguar Land Rover toward electrification despite previous production delays and financial headwinds.

The UK faces rising borrowing costs as global bond sell-offs push 10-year gilt yields to 5.3%, the highest since 2008. The surge, fueled by Middle East conflict and inflation fears, threatens to halve the government's fiscal headroom ahead of the October budget.

Author Arthur Downing examines the history of Britain's energy industry in his new book, arguing that public ownership and alternative models are key to fixing the UK's current energy crisis.

Tim Cook stepped down as Apple CEO on 31 August and transitioned to executive chairman. John Ternus, a longtime hardware engineering executive at the company, succeeded him as the new chief executive.

Range Rover has launched its first fully electric vehicle, the Range Rover Electric, to be built in Solihull, marking a major shift in its electrification programme backed by upgrades across West Midlands sites. Parent company JLR reported up-skilling 10,500 workers for electric production amid falling profits, supply chain disruption, and restructuring following a cyber attack last year and a fire at a Norwegian supplier that reduced first-quarter profits to £66m. The launch is supported by new battery and electric drive unit production lines, with 9,000 employees trained in Solihull and 1,500 across the region, while JLR's Electric Propulsion Manufacturing Centre in Wolverhampton now produces battery packs and electric drive units alongside internal combustion engines.