News Release
23 December 2008
BG Group Announcement
BG Group has completed the disciplinary process which followed the suspension of Dr Stuart Fysh on 24 November 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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Notes to Editors:
Link to BG Group Announcement issued on 15 December:
http://www.bg-group.com/MEDIACENTRE/PRESS2008/Pages/15Dec2008.aspx
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
Contact:
Communications UK:
+44 (0) 118 929 3508 - Edel McCaffrey
+44 (0) 118 929 3110 - Jo Thethi
Communications Australia:
+61 (0) 419 588 166 - Rob Millhouse
+61 (0) 417 797 419 - Hedley Thomas
Out of hours UK media mobile:
+44 (0) 791 718 5707
Investor Relations UK:
+44 (0) 118 929 3025
Website: www.bg-group.com
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to BG Group's annual report and accounts for the year ended 31 December 2007. BG Group does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.