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BG Group today announced that Chief Financial Officer (CFO), Fabio Barbosa has been granted leave of absence in order to undergo medical treatment in Brazil for a recently diagnosed condition.
Following consultation with the Board, Fabio has appointed BG Group Financial Controller, Den Jones as his Alternate Director with immediate effect for what is expected to be the remainder of the year.
Den Jones will assume all of Fabio's responsibilities, acting as interim CFO with Fabio's continued counsel and support. Sir Frank Chapman, Chief Executive, will assume the chairmanship of the Investment Committee for this interim period.
Den Jones has been a finance professional for 25 years. Prior to joining BG Group, Den spent over a decade in specialist financial management and analyst positions encompassing senior roles at PwC and Citibank/Salomon Smith Barney Investment Bank. He has been with BG Group since 2000 in a range of senior financial management positions including four years as a Regional Finance Director in the Group's international assets and some three years as Group Head of Financial Planning. Since 2010, he has been Group Financial Controller, reporting directly to the CFO, with responsibility for the Group's finance function and operations.
There are no matters which need to be notified in relation to Den Jones pursuant to Listing Rule 9.6.13.
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 more than 20 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG) and transmission and distribution business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
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There are matters set out within this announcement 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 these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2011. 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.
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