Former CRH CEO Joins BP as New Chair Amid Turnaround Efforts
Albert Manifold, the new chairman of BP, is set to lead a thorough review of the company’s operations. The Dublin native is expected to implement strategies aimed at cutting costs and improving performance, as the oil and gas giant works to recover from years of underachievement.
BP has been facing increasing pressure to improve its financial standing, especially from Elliott Investment Management. The activist investor acquired a stake in the company earlier this year and is advocating for significant changes, including further cost reductions.
As BP navigates these challenges, Manifold’s leadership will be critical in shaping the company’s future.
