Chris Finlayson has resigned as BG Group's Chief Executive and as an Executive Director of the Board with immediate effect. In a statement released on its website, BG Group announced that it has accepted Finlayson’s resignation, which is due to personal reasons.
BG Group's Non-Executive Chairman, Andrew Gould, will stand in as interim Executive Chairman, while a recruitment process is underway to find an external successor to Chris. Andrew will revert to the role of Non-Executive Chairman once the new Chief Executive is appointed.
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.”
BG Group also confirmed that Finlayson will not receive any payment beyond his contractual entitlement.
Adapted from press release by Callum O'Reilly
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