BG Group Appoints New NEDs
BG Group announced Friday that it has appointed a new senior independent director as well as two other non-executive directors to its board.
The firm said that Dr John Hood will succeed Baroness Hogg as its senior independent director on January 1, 2014. Pam Daley, a currrent senior vice-president at General Electric Company, and Martin Ferguson, former Australian Minister for Resources and Energy, take up their NED roles from the same date.
Dr Hood has been a NED with the company since 2007 and is chairman of its renumeration committee. Baroness Hogg will remain as a NED but will step down a member of the audit and nomination committees on December 31, 2013.
Commenting on the appointments of Daley and Ferguson, 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 monetization 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."
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