BG Group plc (BRGYY.PK,BG.L) announced changes to its board and Group Executive Committee or GEC. These changes, effective immediately, would ensure BG Group continues to deliver its growth plans and would enhance succession planning at the Executive level.
Chris Finlayson would become an Executive Director and Managing Director BG Advance, joining the BG Group Board, effective immediately. Also, Chris would assume board level responsibility for the evolution of BG Group's organisation. BG Advance is responsible for ensuring the company develops the core capabilities in support of the delivery of BG Group's strategy and plans.
Further, Fabio Barbosa would add Strategy and Portfolio Development to his existing CFO and Executive Director accountabilities. In addition to his existing Executive Director accountabilities, Martin Houston would become COO with board level responsibility for all of the Group's regions and assets, as well as Group-wide business development.
As planned, Jørn Berget, currently Executive Vice President and Managing Director, BG Advance, would step down immediately from the BG Group GEC and retire in 2012.
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