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We warned BG Group about Chris Finlayson

Screen Shot 2014-04-28 at 14.28.09“BG Group chief executive Chris Finlayson has been ousted by the oil and gas explorer’s board following a disastrous 16 months in the job….” No one can say that we did not repeatedly warn BG Group about the competence and ethics of Chris Finlayson…

By John Donovan

The news media is reporting that former Royal Dutch Shell executive Chris Finlayson has quit as CEO of BG Group.

Actually, he was unceremoniously fired.

Extract from article published by The Independent: “BG Group chief Chris Finlayson resigns after 16 months at the helm

BG Group chief executive Chris Finlayson has been ousted by the oil and gas explorer’s board following a disastrous 16 months in the job.  He is understood not to have another job to go to… In an unusually blunt statement Gould said: “The board felt that it was in the best interests of the group to accept Chris’ resignation and seek fresh leadership.” Since taking over Finlayson has presided over a succession of profit warnings and a 37% slump in annual profits…

Extract from FT article:

BG Group – Chris Finlayson has resigned as chief executive of the UK-based oil and gas group after only 15 months in the job…

Extracts from Bloomberg/Businessweek article “BG Chief Finlayson Quits After Year in Job as Outlook Dumped

BG Group Plc (BG/) Chief Executive Officer Chris Finlayson resigned after little more than a year in the job as the third-largest U.K. oil and gas producer ditched an output forecast that’s just three months old.  The company’s reviewing operational, investment and portfolio management plans and won’t offer 2015 guidance until February, it said, abandoning a forecast Finlayson made in January.  “The board felt that it was in the best interests of the group to accept Chris’s resignation and seek fresh leadership…”

No one can say that we did not repeatedly warn BG Group about the competence and ethics of Chris Finalayson…

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