British energy giant BP has appointed Albert Manifold, an outsider to the oil industry, as its new chairman, signaling a shift in leadership as investors demand a stronger push toward business transformation and improved financial performance.
Manifold, formerly CEO of infrastructure firm CRH plc, brings extensive experience in managing complex global companies but no prior ties to the energy sector. His appointment reflects BP’s commitment to fresh perspectives amid mounting pressure from shareholders seeking clearer strategies on sustainability, cost control, and growth.
The move comes as BP navigates challenges including fluctuating oil prices, the energy transition, and investor calls for accelerated change. 
“We believe Albert’s proven track record in delivering value and managing change will help BP achieve its goals in a rapidly evolving market,” a company spokesperson said.
Investors welcomed the appointment as a sign that BP is serious about addressing its operational and strategic challenges, hoping Manifold’s outsider perspective will drive a decisive turnaround.
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