BG Group today announces changes to its board with the appointment of two Non-Executive Directors and also the succession of a new Senior Independent Director.
With effect from 1 January 2014, Pam Daley and Martin Ferguson will join the board as Non-Executive Directors and Dr. John Hood will succeed Baroness Hogg as Senior Independent Director.
Daley is currently Senior Vice-President and Senior Advisor to the Chairman at General Electric Company (GE) in the USA and Ferguson is a former Australian Minister for Resources and Energy.
Commenting on the new Non-Executive Director appointments, BG Group Chairman Andrew Gould said: “I am delighted to welcome both Pam and Martin to the BG Group board. They bring with them a wealth of international expertise that will be of great value to BG Group.
“Pam’s experience from her distinguished career in North America and internationally will bring new insight and perspective to our board. Her renowned expertise in finance and law – especially with mergers, acquisitions, joint ventures and business development arrangements – will be a welcome addition to the board and the company as we continue to pursue our strategy of more active portfolio management, fiscal discipline and monetisation of our assets at different stages of their life-cycles.”
“Martin also brings with him international expertise, particularly in the resources and energy sector. With Australia poised to become one of the world’s leading suppliers of LNG, and with BG Group set to deliver the world’s first coal seam gas to LNG project in 2014, Martin’s insight and experience in the development of Australia’s natural gas industry and the growing LNG market in Asia will prove invaluable to the board.”
Regarding the change to the Senior Independent Director, Andrew added: “The Board joins me in thanking Sarah for her commitment and invaluable contribution to the Group in the role of Senior Independent Director. Her wisdom has helped guide me and the Board through a period of significant change. John is a highly accomplished Non-Executive Director who will be a strong Senior Independent Director for BG Group.”
Baroness Hogg will remain a Non-Executive Director of the Group but, in recognition of her completion of a nine-year tenure as a director of the Group in January 2014, she will also step down as a member of the Audit and the Nominations Committees with effect from 31 December 2013.
Dr. Hood has been a Non-Executive Director of the Group since 2007 and is Chairman of the Remuneration Committee.
Press Release, December 13, 2013