BP Names Interim Leader Ian Tyler as Permanent Board Chair

British energy giant BP announced on Wednesday that it has formally appointed Ian Tyler as its permanent board chair with immediate effect, concluding an executive search following sudden leadership upheaval earlier this year.

Tyler joined the company’s board as a non-executive director in April of last year before being designated interim chair on May 26. BP highlighted that Tyler’s non-executive career spans listed and private companies across the oil and gas, natural resources, and engineering sectors, during which he has worked alongside more than 15 chief executive officers.

Amanda Blanc, BP’s senior independent director, endorsed the selection in an official statement, noting that Tyler brings substantial experience in providing challenge and support to executive teams while maintaining strict governance standards on behalf of shareholders.

Alongside Tyler’s permanent appointment, BP disclosed that Blanc herself will step down from the board once a successor is found for her position and will not stand for re-election at the company’s 2027 annual general meeting. Tyler stated that he had personally asked Blanc to stay, but she informed him that after four years on the board, it was an appropriate time to begin planning her departure.

In statements accompanying the announcement, Tyler outlined his intentions for the board and investor relations. “I will lead the board’s evolution,” Tyler said, emphasizing that he will ensure the board retains the necessary depth, experience, and capabilities to support strategic priorities. He added that he is committed to establishing regular and transparent engagement with shareholders while supporting the broader management team in delivering expected performance.

Tyler’s permanent placement comes as BP attempts to stabilize its leadership structure after removing former chairman Albert Manifold in May with immediate effect. Manifold, who had served in the position for about seven months, was ousted following accusations of serious concerns related to governance standards, oversight, and conduct. Manifold pushed back against the allegations, stating he was removed without warning and without explanation, while entirely disputing the characterization of his conduct.

The leadership transition comes as the London-listed oil major seeks to pivot back toward its core oil and gas business while maintaining financial discipline by simplifying its corporate portfolio. BP shares were up by around 0.4 percent on Wednesday morning following the news, extending the stock’s gains to approximately 25 percent so far this year.

Background

BP has experienced significant executive turnover in recent years. In 2023, former chief executive officer Bernard Looney resigned after the company stated he had misled the board regarding past relationships with colleagues. Looney was succeeded by Murray Auchincloss, who stepped down after spending less than two years in the role. In December, Meg O’Neill took over as chief executive officer, becoming the fourth person to lead the oil major in a six-year period.