BG Group has completed the disciplinary process which followed the suspension of Dr Stuart Fysh on November 24, 2008, from his position as Executive Vice President and Managing Director, Africa, Middle East and Asia Region, pending the outcome of an internal investigation into his personal dealings in third party securities.
The investigation found that Dr Fysh had committed serious errors of judgement which resulted in conflicts between his personal interests and those of the Company. BG Group has concluded that Dr Fysh's position in the Company is untenable. He will therefore leave BG Group by mutual consent with immediate effect.
Jørn Berget, Executive Vice President and Managing Director, BG Advance, will continue on an interim basis as Executive Vice President and Managing Director, Africa, Middle East and Asia Region.
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