UK-based BG Group reported Monday that it has appointed Simon Lowth as its new chief financial officer. Lowth will begin serving as the firm's CFO from November 2013, replacing current interim CFO Den Jones.
Lowth is currently CFO at biopharmaceutical firm AstraZeneca plc. He has also been a non-executive director at investment bank Standard Chartered since 2010. Prior to joining AstraZeneca, Lowth was corporate strategy director at Scottish Power.
BG Group Chief Executive Chris Finlayson commented in a company statement:
"I am delighted Simon is joining BG Group. Our current priority is execution and creating value. Simon knows the gas and power industry well and has a good background in engineering. He brings with him a great combination of finance, capital allocation, value-based planning, portfolio management and strategy skills – critical skills as we execute our strategy to deliver long-term value to shareholders and focus on excellence in execution."
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