BG CEO Steps Down

BG Group has accepted Chris Finlayson’s resignation as Chief Executive and as an Executive Director of the Board with immediate effect, for personal reasons, the company said in a statement.

Until a permanent replacement is appointed, Andrew Gould, BG Group’s Non-Executive Chairman, will take over as interim Executive Chairman. A recruitment process to find an external successor to Chris is underway. Andrew will revert to the role of Non-Executive Chairman once the new Chief Executive is appointed.

Andrew Gould said: “I would like to thank Chris for his contribution to the Group over the past four years, and we wish him well for the future. The Board of Directors is fully committed to the Group’s strategy, which is built upon a portfolio of high-quality assets. The Company must accelerate the creation and delivery of the longer-term value for our shareholders while delivering the Group’s business plans. The Board felt that it was in the best interests of the Group to accept Chris’ resignation and seek fresh leadership to deliver both of these priorities.”

Press Release, April 28, 2014; Image: BG

 

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