The UK's BG Group reported Wednesday that Chief Operating Officer Martin Houston has stepped down from its board and that he will retire from the group at the end of 2014.
The firm's current executive vice-president for operations, Sami Iskander, will take over as COO immediately.
Houston joined BG Group's predecessor, British Gas Corporation, in 1983 as a petroleum geologist. He became BG Group Executive VP in 2000. During the past year he has been heavily involved in developing the long-term LNG (liquefied natural gas) growth options for BG Group, the firm said. Before retiring from the group, Houston will continue with his work assisting QGC (Queensland Gas Company) in the delivery of Phase 1 of the QCLNG project in Australia.
Commenting on Houston's decision to retire, BG Group Chairman Andrew Gould said:
"The board and I would like to sincerely thank Martin for his outstanding contribution to BG Group, and its predecessor companies, over the last 30 years. He was one of the principal architects of the group's LNG and shipping business during the formative years. We have benefited greatly from Martin’s support and the value that he has added to the group."
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